Largest outcomes funds by value deployed according to INDIGO data imported April 2024 | more
Largest Outcomes Funds To Date By Value (INDIGO, April 2024)
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Pay for success (PFS) aims to tie the funding of social interventions to the objective results that they achieve.
When a government commissions an initiative in the conventional way — say by funding a delivery organisation to try alleviate some problem — we could say that they’re actually “paying for inputs” because they’re funding a set of interventions rather than what those interventions achieve.
PFS looks at how things could be done differently. Outcomes funds are particularly important here because they apply PFS principles to large pools of capital, potentially offering a way to greatly scale up impact bonds around the world.