“Impact investing” is a new investment category that has been getting a lot of play in the past few years. This Brief presents the results of CGAP research on impact investing and how it relates to the micro, small, and medium size (MSME) investment space. One key finding is that microfinance investments through microfinance investment vehicles (MIVs) and small and medium enterprise (SME) funds make up a significant share of investment activity covered by this term.
