Fund-in-Formation GIIRS Impact Rating
To receive a GIIRS Rating, a fund must have deployed at least 25% of their committed capital and have 75% of that committed capital go through the GIIRS rating process. Funds that have not yet had a first close or have not yet deployed 25% of their committed capital can receive a Fund-in-Formation GIIRS Impact Rating. A Fund-in-Formation Rating only reflects the performance of the fund manager on the Fund Manager Assessment, and does not include an aggregated portfolio level rating.
All three components of the GIIRS Impact Rating reflect a fund’s relative performance. Thresholds for each component are calculated every two years, along with a new version of B Lab’s standards. Current thresholds were released February 1, 2016.