Making the Mark is an annual publication designed to promote transparency and accountability in the sustainable and impact investing markets.
This year’s report, our sixth, highlights data and insights from 153 Practice Verifications for 131 distinct investors and, for the first time, 55 Fund ID Verifications for 50 different fund managers. Together, this dataset was used to produce updated 2025 editions of the Practice Benchmark and Practice Leaderboard and our inaugural Fund ID Benchmark and Fund ID Leaderboard.
“At BlueMark, we hope to strengthen our market’s resilience by providing independent verification and benchmarking solutions that help our clients learn to better optimize for impact and, in turn, uphold the market’s integrity and ability to scale.”
Christina Leijonhufvud
CEO, BlueMark
2025 Practice Verification Data
MANAGING
A COMBINED
Practice Benchmark
BlueMark’s proprietary rating system evaluates the degree of investor alignment with core pillars of impact management on a four-part scale (Low, Moderate, High, Advanced).
The BlueMark Practice Benchmark organizes the aggregated results from BlueMark’s 153 most recent practice verifications into Learning (25th percentile), Median (50th percentile), and Leading (75th percentile) segments.
LOW
moderate
High
Advanced
1 IMPACT OBJECTIVES
2 IMPACT MANAGEMENT
3 INVESTOR CONTRIBUTION
4 IMPACT SCREENING
5 ESG RISK MANAGEMENT
6 IMPACT MONITORING
7 IMPACT AT EXIT
8 IMPACT REVIEW
25%
25%
LEARNING
MED.
50%
MEDIAN
75%
75%
LEADING
2025 Practice Leaderboard
BlueMark clients with ratings that score in the top quartile or above for each practice area in this year’s edition of the Practice Benchmark are included in the Practice Leaderboard. Please see the Practice Leaderboard page for more information.
This year, clients must have scored “Advanced” in all practice areas but Impact At Exit and Impact Review, where they must have scored at least “High” to qualify for the Practice Leaderboard.
DATE VERIFIED
- December 2024
ASSET CLASS
- Real Assets
IMPACT THEMES
- Clean Energy Infrastructure (including Digital Infrastructure)
- Resource Efficiency
- Climate Mitigation & Adaptation
DATE VERIFIED
September 2024
ASSET CLASS
- Private Equity
IMPACT THEMES
- Sustainability and Equity
DATE VERIFIED
- April 2023
ASSET CLASS
- Private Equity
IMPACT THEMES
- Health & Wellness
- Education & Workforce Development
- Sustainability
DATE VERIFIED
- March 2025
ASSET CLASS
- Private Equity
- Private Debt
- Real Assets
- Funds
IMPACT THEMES
- Multi-theme
DATE VERIFIED
- February 2024
ASSET CLASS
- Private and Public Debt
- Private Equity
- Real Assets
IMPACT THEMES
- Multi-theme
DATE VERIFIED
- May 2024
ASSET CLASS
- Private Equity
- Private Debt
- Funds
IMPACT THEMES
- Productive, Sustainable and Inclusive
DATE VERIFIED
- September 2024
ASSET CLASS
- Private Equity
- Real Assets
- Private Debt
IMPACT THEMES
- Clean Energy Infrastructure
- Climate Change Mitigation
- Resource Efficiency
DATE VERIFIED
- April 2023
ASSET CLASS
- Private Debt
IMPACT THEMES
- Access to Community Service
- Financial Inclusion
- Climate Change
DATE VERIFIED
- August 2024
ASSET CLASS
- Private Equity
IMPACT THEMES
- Resource Efficiency
- Climate Change Mitigation
- Climate Adaptation & Resilience
DATE VERIFIED
- April 2024
ASSET CLASS
- Private Equity
- Private Debt
IMPACT THEMES
- Climate Adaptation & Resilience
- Climate Change Mitigation
DATE VERIFIED
- October 2023
ASSET CLASS
- Private Debt
- Private Equity
IMPACT THEMES
- Green Economy
- Green Finance
- Entrepreneurship & Livelihoods
- Financial Inclusion
DATE VERIFIED
- February 2025
ASSET CLASS
- Real Assets
IMPACT THEMES
- Affordable Housing
- Clean Energy
- Climate Adaption & Resilience
- Health & Wellness
- Infrastructure
DATE VERIFIED
- September 2024
ASSET CLASS
- Private Equity
- Private Debt
- Funds
IMPACT THEMES
- Green, Just, and Inclusive Transition
DATE VERIFIED
- September 2024
ASSET CLASS
- Public Debt
IMPACT THEMES
- Affordable Housing
- Renewable Energy & Climate Change
- Community & Economic Development
- Natural Resources
DATE VERIFIED
- September 2024
ASSET CLASS
- Private Equity
IMPACT THEMES
- Resource Efficiency
- Inclusive Growth
DATE VERIFIED
- September 2024
ASSET CLASS
- Real Assets
IMPACT THEMES
- Affordable Housing
DATE VERIFIED
- September 2023
ASSET CLASS
- Private Equity
- Public Equity
- Public Debt
IMPACT THEMES
- Multi-theme
DATE VERIFIED
- October 2023
ASSET CLASS
- Private Equity
IMPACT THEMES
- Multi-theme (SDG-aligned impact)
DATE VERIFIED
- March 2024
ASSET CLASS
- Private Equity
- Real Assets
IMPACT THEMES
- Healthcare
- Financial Inclusion
- Education & Workplace Development
Practice Verification
Cohort Details
This year’s practice verification data is based on 153 verifications for investors managing a combined $209 billion in impact-oriented assets under management.
IMPACT AUM RANGE
2025 Fund ID Data
MANAGING A COMBINED
Introducing Fund ID
BlueMark’s Fund ID is a rating tool to analyze, benchmark, and manage a funds’ impact performance using one unified assessment framework structured across Four Pillars of Impact Accountability: Strategy, Governance, Management, and Reporting.
Please see the Fund ID white-paper for a comprehensive overview of our methodology.
Fund ID Benchmark
The Fund ID benchmark shows the distribution of Fund ID ratings for 55 funds. The average score achieved across the first 55 verifications was 61 out of 100 points, with Gold being the most common overall rating awarded.
2025 Fund ID Leaderboard
To be considered for the 2025 Fund ID Leaderboard, funds must have received a Platinum score—75 out of 100 points or more—on their Fund ID assessment. For a full list of Fund ID rated funds, please see our client list.
DATE VERIFIED
- December 2024
ASSET CLASS
- Private Equity
- Private Debt
FUND MANAGER
- AgDevCo
IMPACT THEMES
- Agriculture and Sustainable Food Production
- Employment
- Climate Change Mitigation
- Climate Change Adaption and Resilience
- Gender Equality
INCEPTION YEAR
- N/A
DATE VERIFIED
July 2024
ASSET CLASS
- Private Equity
FUND MANAGER
- Bain Capital Double Impact
IMPACT THEMES
- Health & Wellness
- Education & Workforce Development
- Climate & Sustainability
INCEPTION YEAR
- 2024
DATE VERIFIED
- April 2025
ASSET CLASS
- Private Equity
- Real Assets
FUND MANAGER
- Brookfield
IMPACT THEMES
- Clean Energy
- Climate Solutions
- Climate Change Mitigation
- Infrastructure
INCEPTION YEAR
2023
DATE VERIFIED
- December 2024
ASSET CLASS
- Private Equity
FUND MANAGER
- Cross-Border Impact Ventures
IMPACT THEMES
- Gender Equality
- Healthcare
INCEPTION YEAR
- 2021
DATE VERIFIED
- January 2025
ASSET CLASS
- Private Equity
- Real Assets
FUND MANAGER
- Ember Infrastructure
IMPACT THEMES
- Climate Adaptation & Resilience
- Climate Change Mitigation
- Resource Efficiency & Materials Management
INCEPTION YEAR
- 2023
DATE VERIFIED
- March 2025
ASSET CLASS
- Public Equity
FUND MANAGER
- Pictet Asset Management
IMPACT THEMES
- Multi-theme/theme agnostic
INCEPTION YEAR
- 2022
DATE VERIFIED
- August 2024
ASSET CLASS
- Private Equity
FUND MANAGER
- Quona Capital
IMPACT THEMES
- Financial Inclusion
INCEPTION YEAR
- 2021
DATE VERIFIED
- April 2025
ASSET CLASS
- Private Equity
FUND MANAGER
- Summa Equity
IMPACT THEMES
- Circularity
- Sustainable Food
- Energy Transition
- Tech-enabled Resilience
INCEPTION YEAR
- 2022
DATE VERIFIED
- August 2024
ASSET CLASS
- Private Equity
FUND MANAGER
- Sweef Capital
IMPACT THEMES
- Gender Equality
- Agriculture & Sustainable Food Production
- Climate Adaptation & Resilience
- Climate Change Mitigation
- Education & Workforce Development
INCEPTION YEAR
- 2022
DATE VERIFIED
- July 2024
ASSET CLASS
- Private Equity
FUND MANAGER
- Trill Impact
IMPACT THEMES
- Multi-theme
INCEPTION YEAR
- 2019
DATE VERIFIED
- May 2024
ASSET CLASS
- Private Equity
FUND MANAGER
- The Vistria Group (TVG)
IMPACT THEMES
- Healthcare
- Financial Inclusion
- Education & Workplace Development
INCEPTION YEAR
- 2023
Fund ID
Cohort Details
This year’s Fund ID data is based on 55 verifications for impact fund managers managing a combined $92 billion in impact-oriented assets under management.
IMPACT AUM RANGE
See more data and insights about impact investing best practices, trends, and challenges in the full report.