A handful of funders have ponied up most of the capital spent to date on the ‘public goods’ required for a robust impact investing marketplace.

To fulfill its potential to shape a more inclusive and sustainable economy, impact investing needs broader support for shared metrics and management systems, policy advocacy and other common infrastructure.

This week, nine private and corporate foundations and family offices launched the Tipping Point Fund on Impact Investing, committing $12.5 million in grant capital to underpin the growth of the market. The fund will be managed by the U.S. Impact Investing Alliance.