First impact investing fund in Italy, founded in 2006
Our track-record
Turned social projects into solid and scalable business models
Selected high-impact sectors, choosing the best entrepreurial projects.
Opened up market trends as Social Housing or accessible healthcare
Our Impact Goals
Healthier People
We address the most urgent social challenges related to health of human beings and their well-being in broader sense
Empowered People
A fairer society must make sure to empower people in every aspect: education, local development and inclusivity
Cleaner Planet
It is our goal to support solutions that can provide significant contribution to the urgent climate challenge our earth is facing.
Our approach to Impact
We invest in meaningful business models, addressing real social or environmental challenges of our society
We invest in companies with an integrated model, in which impact is pursued at the very center of the business activities and not as a lateral feat
We measure the impact of our investees, committing to measure positive change they are able to generate
Our Impact Framework
Empowered People
Portfolio companies
SDGs
Outcomes
Healthier People
Portfolio companies
SDGs
Outcomes
Cleaner Planet
Portfolio companies
SDGs
Outcomes
Impact measurement methodology
An important premise:
As from the Theory of Change, we want to measure outcomes, focusing on a measurement that is oriented to track the change occurred, instead of the the result only.
Outputs are those operative results obtained by the activities of the company, often not capable to capture whether the company is creating impact.
Oltre Positioning:
Our objective is to measure Outcomes and our effort is fully committed to trace the change that our investees are capable to generate towards their beneficiaries (either people or planet).
We firmly think that measuring outcomes must include stakeholders’ point of view:
Outcomes cannot be measured properly without considering if the change has actually been experienced by beneficiaries. Including their point of view is the key aspect to assess whether the company is actually providing the intended positive change.
Our impact measurement process
Impact Mission
Focus on:
What is the problem solved?
Is there alignment with one of our impact goals?
Stake-holder
Who are the beneficiaries of the impact?
Outcomes
Which changes are being generated on the beneficiaries towards?
KPIs
We find a proxy capable to estimate the level of outcome reached
Our Carry Model
The 70% of the carried interest is tied to the achievement of the impact KPIs.
If impact KPIs are not achieved at a fund level, the 30% of the 20% carried interest is not given to the management team.
