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Investor Presentaiton

Almost all respondents made their first impact investment in Brazil after 2007, when the term "impact investing" was coined. The pace of new firms making impact investments has remained fairly consistent since 2012, ranging from two to four new entrants per year. Figure 2. Year of First Impact Investment in Brazil, by 4 Data Analysis 4 1 Headquarters Location 3 3 1 2 3 2 „Auk 1 2 Brazil 2 Outside Brazil 1 1 1 1 1 1 1 1 0 Before 2007 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 n=26 17

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