Jacob Gray, Nick Ashburn, Harry Douglas, Jessica Jeffers, and Christopher Geczy. 9/2016. Great Expectations: Mission Preservation and Financial Performance in Impact Investing. Edited by David Musto. Publisher's VersionAbstract
Given the pressure to find liquidity, GPs may face tradeoffs between maximizing financial returns and ensuring the preservation of portfolio companies’ missions, and therefore, many wonder if GPs will sacrifice mission in exchange for financial returns.
Great Expectations.pdf