Practitioners paper – Private capital for impact 2025

Three European private capital associations — Active Owners Danish Impact Committee (Denmark), France Invest (France), and SpainCap (Spain) — have contributed examples in this practitioners’ paper to illustrate the role of investors in impact investing within private capital. These real-life examples are shared for informational purposes, to support others in their journey toward impactful investment.

What is “Investor Contribution”? Beyond just intention, impact investors actively contribute to achieving of net positive impacts. Not only their capital, but also their non-financial support serve as catalysts, driving change and accelerating solutions to pressing challenges, which differentiates impact investors from conventional and ESG ones. Investor contribution encompasses the broad spectrum of resources an investor provides to their investees to foster additional impact. “Investor contribution” refers to the additionality of the investor, to its own impact. It needs to be differentiated from the “asset additionality” which refers to the unique benefit that a company provides, that would not have occurred without that specific company.

Click here to download the document

Thank you to the many contributors for making this European joint effort possible:

Abler Nordic – Lone Søndergaard

Advanced Impact Research – Eric Prüssner

Astrorg – Cristina Spiller

BNP Paribas – Maha Keramane, Berenice Lasfargues and Joyce Mimouni

Cofides – Alvaro Hernandez Arguelles, Raúl Sánchez

FA-SE – Juliane von Böselager

Impact Partners – Zoé Constantin

Impactive Values – Magnus Göpel, Safar Sarif

Mirova – Sarah Maillard

Raise – Blandine Machabert

Ring Capital – Servane Metzger-Corrigou

Rockstart – Jaime Torres

Schneider Electric – Marta Carneiro Enes

Swen CP – Silvana Vargas Toscano

Tikehau – Nathalia Millan