responsAbility, a Swiss asset manager, has been active in impact investing since 2003. Its aim is to drive the growth of development-related sectors—namely finance, agriculture, and energy—through return-seeking debt and equity investments. As of 2017, responsAbility has USD 3.2 billion of assets under management invested in 550 companies in 97 developing countries. Though its early portfolio did not include any capacity-building complement, responsAbility has identified opportunities for capacity-building support as its portfolio has diversified, discovering in particular that capacity-building support can add value beyond mitigating risk to bolster the performance of
 
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