Catalytic Capital: Unlocking More Investment and Impact

A new Tideline report explores ‘catalytic capital’ and the many ways impact-oriented investors are using it to fill financing gaps, enable third-party investment, and generate impact that would not otherwise have happened. Catalytic Capital: Unlocking More Investment and Impact seeks to provide an overview of existing research on the topic and a foundation for investors of catalytic capital to expand and improve upon their use of this important tool. The report also introduces the Pathways to Impact framework, created to guide investors who deploy catalytic capital in clarifying the rationale for their catalytic investments. The report was commissioned by the John D. and Catherine T. MacArthur Foundation, a proponent of catalytic capital both in its own investments and in the field of impact investing broadly.