Explainer: Impact investing

This is the first in a series of explainers related to international development finance from Steven Zausner and Andrew Haimes of Office:FMA, a financial strategy and advisory firm focused on emerging and frontier markets.

It's a good time to be in the impact investing business.

Major mainstream asset managers BlackRock Inc., Bain Capital, LP, and Goldman Sachs, are entering the space. Assets under management and the number of deals are expected to grow by 17 percent and 20 percent, respectively, in 2017.

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