Four investors. One hard question: does impact actually pay, and how do you prove it?

This is a compilation episode of SRI360, pulling together four conversations that answer that question from four seats at the table — growth equity, private equity sustainability, infrastructure, and the policy world trying to move trillions. None treats impact simply as a discount you accept for doing good. Across four very different perspectives, they make the case that impact and financial success can — and increasingly must — work together.

Maya Chorengel of TPG’s Rise Fund only invests where impact and financial return are “collinear” — where the two rise together — and screens every deal for a 20%+ gross IRR and a measurable impact floor, using a formal equation built by TPG’s in-house team. Cornelia Gomez of General Atlantic reduces the whole sustainability question to three value-creation levers — revenue, cost, and exit — and can name a company’s three “hot potatoes” in ten minutes. Anish Majmudar of M&G runs a real-assets impact fund with roughly $750 million committed across 100-plus projects, built on the argument that infrastructure is where impact and cash flow line up most naturally. And Kieron Boyle of the Impact Investing Institute works the other end — trying to pull the trillions sitting in mainstream capital markets and family offices into the field.

Taken together, they map how impact investing actually underwrites, measures, and defends itself — at a moment when the whole category is under political fire.

In this episode we discuss:

• “Collinearity”: why the best impact deals are the ones where returns and impact rise together
• How to underwrite impact with an actual equation — and a 20%+ IRR floor
• The three levers that link sustainability to value: revenue, cost, and exit
• How to spot the three sustainability risks that actually move valuation — fast
• Why infrastructure is where impact and cash flow align most cleanly
• Pulling the trillions in mainstream and family-office capital into impact
• Why the whole category is contested — and what the ESG backlash gets wrong

Featured guests:

• Maya Chorengel, Co-Managing Partner, The Rise Fund (TPG)
• Cornelia Gomez, Global Head of Sustainability, General Atlantic
• Anish Majmudar, Head of Infrastructures and Real Assets, Private Markets - M&G PLC
• Kieron Boyle, CEO, Impact Investing Institute

Additional Resources

Maya Chorengel — The Rise Fund (TPG)

Full SRI360° episode (EP50): https://sri360.com/podcast/maya-chorengel/
The Rise Fund: https://therisefund.com/
Maya Chorengel on LinkedIn: https://www.linkedin.com/in/maya-chorengel-603b76/
HBR article “Calculating the Value of Impact Investing”

Cornelia Gomez — General Atlantic
Full SRI360° episode (EP74): https://sri360.com/podcast/cornelia-gomez/
General Atlantic: https://www.generalatlantic.com/
Cornelia Gomez on LinkedIn:https://www.linkedin.com/in/cornelia-gomez/

Anish Majmudar — M&G plc
Full SRI360° episode (EP43): https://sri360.com/podcast/anish-majmudar/
M&G plc: https://www.mandg.com/
Anish Majmudar on LinkedIn: https://www.linkedin.com/in/anish-majmudar-cfa-8192933b/

Kieron Boyle — Impact Investing Institute
Full SRI360° episode: https://sri360.com/podcast/kieron-boyle/
Impact Investing Institute: https://www.impactinvest.org.uk/
Kieron Boyle on LinkedIn: https://www.linkedin.com/in/kjboyle/

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