Reynir Indahl tells Ross Butler why he left the world of mainstream Nordic buyouts after the global financial crisis to pursue philanthropy and then on to re-imagine his role in investment. 

In 2016 he founded Summa Equity, which currently manages Europe’s largest Impact fund.

As explains, the difference between Impact funds and mainstream buyout funds is more philosophical than technical. In fact, he expects the term to have a finite life as all funds effectively becoming more Impact oriented. 

However, the firm requires a significant philanthropic sacrifice by its employees and Reynir has worked closely with his alma mater, Harvard, to develop a robust methodological approach to measuring the non-financial side of Summa’s investment activities. 

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