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Outcomes Funds Database
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- Summary
- Notes
- Tips
- FX
- Updates
- Sources
- Disclaimer
- Contact
Name: Outcomes Funds Database
Maintained By: The Impact Database (ImpactDB)
Sources: INDIGO outcomes funds, INDIGO pipeline, media monitoring
Notes About The Outcomes Fund Database:
The Outcomes Funds database is derived, in its majority, from two databases maintained by the INDIGO project: outcomes funds directory (deployed/current funds) and its pipeline dataset (which includes both impact bonds and outcomes funds). This dataset, in turn, was populated thanks to surveying work conducted by Levoca.
For ease of use, we have combined these into one data table and added a stage filter to sort on fund stage (where we haven’t been able to determine if the fund is still active, we’ve assigned it to a ‘not known’ stage).
Pipeline and deployed funds:
A fact that may seem counterinuitive and that we are flagging here is that a project can be both part of the deployed portion of this database and in the pipeline. This situation occurs when an existing outcomes fund is in the process of refinancing (for example, in preparation for a second deployment). To prevent confusion when this situation arises we will number the rounds sequentially (e.g. EOF Round 2).
Miscellaneous notes:
In instances whereby the project fund value is not known (for example during the pipeline), we have assigned it a holding value of ‘0’.
We have taken a cautionary approach to describing the activity status of funds and favored marking them as “not known” unless there are clear indications that the fund is active and deploying capital into projects. Therefore, the data table is more likely to undercount than overestimate both the pipeline and current fund levels.
Where funds are deployed in multiple countries, we have included that as notes. Where a single country appears, it indicates where the fund is domiciled or its principal area of activity.
We consider a fund that has been exhausted to be historic even if some of the projects it had spawned remain active.
Outcomes funds:
The term “outcomes fund” describes a broad range of financial vehicles. But for the purpose of this data table, we have followed a deliberately non-selective approach considering an outcomes fund to be a financial vehicle that contracts to pay for outcomes for two or more target projects.
Finally, we’ve added pipeline funds based on news monitoring.
Available as API? No, but planned
How to make the best use of this resource:
There are filters above the table and an average and total column under USD that automatically updates. These can be used to quickly compute estimates as to the deployment of fund(s) in a specific geography.
Currently, conversion to USD is at the date noted.
We are working on integrating live FX rates.
Notes about foreign exchange (FX) handling:
Some outcomes funds are denominated in currencies other than the US dollar.
To make it easier to compare the size of outcomes funds, we have added manual rate conversions at the dates noted. We are working on integrating automatically populating live FX rates.
Foreign exchange rates change constantly. So the figures that you calculate may not accord with those which we reckoned.
Pending update of pipeline funds (June 2024):
On June 10 2024, Levoca announced that they had completed an updated pipeline database and dealbook for outcomes funds. As updated data becomes available from this release via Levoca’s partners, it will be updated on this website.
According to the release: “Leveraging three years of data from the Outcomes Finance Alliance community, the updated Pipeline Database and Dealbook now encompasses over 150 OBF projects and funds from over 60 Low and Middle Income Countries (LMICs), including 33 projects currently in the process of launching and fundraising.”
Inputs and Sources:
INDIGO pipeline dataset (encompassing both impact bonds, outcomes funds, and other forms of outcomes-based financing)
INDIGO outcomes fund directory
News monitoring
Network relationships
Data Disclaimer:
Like all data presented on The Impact Database, this data table is compiled and released on a best effort basis and made available in line with the terms of service set out in our general website disclaimer. We cannot (and do not) legally verify the authenticity and accuracy of data presented here. We advise those considering reporting upon finding contained herein to contact the projects mentioned here.
If you operate or are planning to operate an outcomes fund that isn’t included in this data table, please consider getting in touch.
Data Table
Data Charts (Static)
Note: “static” charts refers to data visualisations backed by a static data source (like a one-time import). As such they represent visual representations of data snapshots. Where visualisations update dynamically from live data sources, those are described as data charts (live).