Zero Gap Fund: 2025 State of the Portfolio

Zero Gap Fund: 2025 State of the Portfolio

Ever since The Rockefeller Foundation helped pioneer the concept of impact investing, we have been committed to finding ways for capital to act as a driving force for progress for people in the United States and around the world. In 2019, that ambition led us to create a $30 million investment portfolio with our partners from the John D. and Catherine T. MacArthur Foundation and its flagship Catalytic Capital Consortium (C3), which we called the Zero Gap Fund (ZGF or the Fund).

Over the last seven years, the ZGF has demonstrated what impact investing can do: use finite resources strategically to unlock much greater funding and generate real impact for communities around the world. The Fund grew out of the simple idea that philanthropy can use impact investing to complement grantmaking and mobilize private capital at scale for the global good.

Advancing the UN Sustainable Development Goals

ZGF was created to help close the financing gap for the United Nations Sustainable Development Goals. Last year, however, that gap grew wider as wealthy countries pulled back from long-standing commitments, cutting more than $40 billion in development assistance. Against that harsh backdrop, the results in this year's Zero Gap Fund: 2025 State of the Portfolio show how impact investing remains a much-needed force for progress across a range of impact areas.

• Report

  Zero Gap Fund: 2025 State of the Portfolio

  The Zero Gap Fund: 2025 State of the Portfolio highlights how strategic impact investing can mobilize private capital to advance the UN Sustainable Development Goals. The report showcases seven years of progress, lessons learned, and the Fund's role in driving meaningful social and environmental impact around the world.

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