When the Global Impact Investing Network conducted its annual survey in February-April 2020, 40 percent of impact investors said their impact themes aligned with the UN Sustainable Development Goal of zero hunger, while just 9 percent of respondents’ AUM was allocated to the food and agriculture sectors. Since then, of course, geopolitical events – most prominently Russia’s invasion of Ukraine – have disrupted global food supplies. 

Meanwhile, the covid-19 pandemic highlighted pain points across industries such as healthcare and education, while exacerbating socioeconomic, racial and gender inequalities, and demonstrating the need for wider access to services. 

With such challenges accelerating the existing macro trends that private equity impact funds are investing behind, we examine how LPs and GPs are approaching six key impact themes today.