Institutions face 'steeper than expected' learning curve on impact investing

Wealthy individuals, family offices and foundations are typically well versed in impact investing, but that is often not the case for larger asset owners, despite the growing momentum behind this asset class, according to a senior executive at a large private equity firm.     London-based Apax Partners found its usual institutional client base relatively cautious about impact investment when raising its first impact fund, which final closed at $900 million in December. “The bigg…