According to the Global Impact Investing Network (GIIN), the fastest-growing and largest category of impact investing assets under management by investment source is from pension funds and insurance companies. Pension funds that are putting money in impact investing are from the developed world and very little is happening in terms of the investments of the African pension funds.
In many places, pension funds are riding on DFIs and other fund managers to make investments especially in developing countries including Africa. In 2011 while I was working with the Danish International Investment Funds (IFU), together with project development team, we innovated the model that was aimed at attracting the Danish pension funds for impact investments.
