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A Note From Ged Noering, Analyst

Private-market impact managers are tackling some of today’s most complex and pressing challenges. By bridging the gap between problems and solutions, they offer the market-rate returns investors seek while targeting meaningful social and environmental outcomes.

Impact investing in private markets is critical, and I’m happy to see growing recognition of its promise and potential. The evidence speaks for itself: managers in the impact space are delivering top-decile returns and strong distributions to LPs. This has driven more widespread adoption among traditional private-market investors, who are reshaping the narrative of impact investing — reframing the sector as one where financial returns and impact are equally prioritized.

In less than two weeks, investors and fund managers will gather in Charleston for Big Path’s Impact Capitalism Summit. I’m looking forward to candid conversations with impact LPs, GPs, and ecosystem partners on how we can further challenge the status quo for impact private markets stakeholders and expedite growth in the industry. There are still a few spots available! Learn more and apply here.

 

 

 

Bold Vision and Uncompromising Discipline: Meet ICS Keynote Speaker Lauren Booker Allen

How can the impact community build greater credibility and opportunity despite uncertainty and market pressure? According to Lauren Booker Allen, Partner and Head of Impact at Jordan Park and keynote speaker at next week’s Impact Capitalism Summit, the right type of capital needs to be matched to the right opportunities, with clear expectations, striving to deliver on the financial performance and impact objectives, and iterating accordingly. In a new Q&A, Lauren shares her perspective on the impact community’s role in this moment and what attendees can expect to gain from the summit. Read more.

An Insider Look at the 2026 Impact Capitalism Summit

For more than a decade, the Impact Capitalism Summit (ICS), hosted by Big Path Capital, has convened impact LPs and GPs to help shape the future of impact investing. In this interview, Big Path’s Michael Whelchel and Erin Breslawski discuss why it’s imperative for the impact investing community to unite in this moment, what sets ICS apart from other conferences, and the perspectives they hope to gain from attendees. Read more.

Limited tickets remain for the Impact Capitalism Summit, June 1-3, in Charleston. LPs, learn more and register here.

What We’re Tracking

Magnum Owns Ben & Jerry’s. Now It’s Destroying What Made the Brand Worth Buying | In a new op-ed, the leaders of Dr. Bronner’s and Patagonia write, “The 2026 Edelman Trust Barometer found that for the first time in its 26-year history, business is viewed as more ethical than government, media, and NGOs. Founders and CEOs have more credibility right now than the institutions around them. The question is what they do with it.” Read more.

Shareholders Remain Convinced That ESG Matters | Investors continue to see economic inequality and climate change as risks and link responsible investing to stronger returns. Read more.

Two-Thirds of Investors Plan to Increase Allocation to Sustainable Investments | From the According to a new Morgan Stanley survey, more than 90% of individual investors are interested in sustainable investing, and two-thirds plan to increase allocations in the next 12 months. Read more.

Team Highlights

Michael Whelchel Reflects on 20 Years of the B Corp Movement

Michael Whelchel participated in a new video series from B Lab honoring the movement’s 20th anniversary. In the video, he shares why Big Path Capital became one of the first Certified B Corporations and what it means to be part of “this collective mission of transforming capitalism.” Check out B Lab’s Special-Edition Impact Report, which charts 20 years of the B Corp movement, as told by the people who built it. Read the Impact Report.

COO Adrianne Gordon Celebrates Third Anniversary with Big Path

Congratulations to Adrianne Gordon, Big Path COO, on her third anniversary with the company. Adrianne joined Big Path Capital in 2023, stepping into a newly added role as fractional COO to expand our leadership team and add capacity to support culture, processes, and marketing. She has more than 18 years of experience in business operations and leadership, as well as extensive work within the B Corp community. She is a B Corp owner, a B Local Chair, a former peer mentor to B Local groups nationally, and sits on planning committees for regional and national B Corp summits. We are grateful for her expertise, which has helped us deepen our impact as a mission-driven organization.

Team Highlights

Take a look at the events the Big Path team will be attending, sponsoring, and presenting at in the coming months:

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