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This thesis investigates impact investing's evolving strategies with a particular focus on
philanthropic cases. By examining two foundations across the European Union, this study delves into
the mechanisms, behaviours, and drivers that shape impact investment within these philanthropic
organisations. Following this analysis, the study will also compare these findings with other
companies in the philanthropic realm and those within capital markets. This comprehensive
examination reveals the strategies adopted over time, highlighting how impact investments can align
with broader social objectives. The findings offer valuable insights for all actors in the impact
investing ecosystem, aiming to enhance the effectiveness of these investments.
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Impact investing Foundations Eu Philantropy Impact measurement
