This 2026 report analyzes how catalytic capital can be deployed to support strong, independent local news organizations that have investable business models, while staying aligned with community values and public purpose. The report includes recommendations […]
This outcomes report from Aceli Africa shares data and case studies drawn from more than 5,500 loans to demonstrate how incentives are shifting lending activity in Africa to reach high-impact and underserved agricultural enterprises.
Activating the Agri-SME Finance Market: Learning from 2020-2025 Read More »
Convergence and UNDP Climate Finance Network issued a framework to help governments systematically strengthen the enabling environment for blended finance, with a focus on emerging economies in South and Southeast Asia.
Strategic Framework for Blended Finance Read More »
Michael Brown from the Wharton School teamed up with the Social Finance Institute to analyze key aspects of PRI strategies and outcomes.
Demystifying Program-Related Investing: Lessons from Recent Adopters Read More »
This report from NABII Zambia outlines rapid growth in Zambia’s impact investing ecosystem, while also noting some imbalance—with capital concentrated in growth-stage and infrastructure deals. It cites strong opportunities in energy, fintech, agriculture and climate-related
Zambia Impact Investment Market Sizing Study Read More »
The TransCap Initiative convened experts from the fields of investment management, philanthropy, academia, and systems innovation to collectively explore and develop the concept of capital orchestration as a critical function in enabling systems transformation.
Financial Backbones: Capital Orchestration for Systems Transformation Read More »
This paper from the United Nations Capital Development Fund (UNCDF) identifies persistent “white spaces” in the development finance ecosystem and argues that bridging them requires a distinct institutional approach—one that embraces patient, risk-tolerant, small-ticket, and
This report from Convergence investigates blended finance trends across the overall market in 2024, including investor and deal trends. It found that blended finance deal flow was higher in 2024 than the market average for
Convergence: State of Blended Finance Read More »
British International Investment (BII) and Boston Consulting Group (BCG) have teamed up to provide practical tools to strengthen the design, assessment, and mobilization of blended finance funds. The tools are based on BII’s experience of
Scaling Blended Finance: Practical tools for blended finance fund design Read More »
The Toniic 100 Project collects portfolio data from some of the most experienced active private wealth impact investors in the world. In its 2025 report, Toniic notes that 64% of portfolios in the study contain
Cruising Altitude: Insights from the Frontier of Impact Investing Read More »
Tyton Partners, in partnership with World Education Services and Strada Education Foundation, analyzed a critical funding gap that limits scalable innovation in workforce development and makes the case for catalytic capital as a key solution.
Catalytic Capital: Funding the Missing Middle in the Education-to-Workforce Ecosystem Read More »
This focus note from from CGAP explores innovative financing strategies for reaching inclusive credit fintechs in Africa, particularly those targeting underserved micro and small enterprises (MSEs). These fintechs have the potential to address the estimated
Innovative Financing for Inclusive Credit Fintechs in Africa Read More »
In a 2025 report, Investissuers & Partenaires (I&P), a prior C3 grantee, analyzes the fundraising landscape, fund models and return profiles of SME funds across Africa.
There is a shortage of growth capital for small and growing businesses (SGBs) in African markets, which could be partially filled by local institutional investors, particularly local pension funds. In this report, the Collaborative for
Unlocking Local Pension Fund Capital for Small Business Finance Read More »
Omidyar Network, a C3 strategic partner, reports on the strategies and perspectives of leading impact investors who have moved beyond polarized debates about “trade-offs” to invest across the returns continuum, including deploying catalytic capital.
Beyond Trade-Offs: Investor perspectives from across the continuum of impact investing Read More »
