A GIIRS Fund Rating is comprised of two main elements. The overall rating combines the score from a Fund Manager Assessment (10% of total rating) and an aggregation of the scores of the companies in the fund's portfolio (90% of total rating).
Criteria to Get a GIIRS Fund Rating
• Funds in Formation can become GIIRS rated by committing to being rated for the life of the fund. Until 25% of capital is deployed, initial GIIRS Fund Impact Rating Reports will only feature the fund manager's assessment score and each portnfolio company will receive an individual company rating (no portfolio aggregation rating is generated).(8)
• Actively Investing Funds can receive a GIIRS Fund Impact Rating once 25% of capital(9) is deployed. A typical fund is required to have at least 80%(10) of their portfolio companies complete the rating process in order to receive a GIIRS fund rating.
• Fully Invested Funds can receive a GIIRS Fund Impact Rating using the standard fund rating methodology, though at least 80% of the total portfolio (in terms of capital deployed) must receive a company rating in order to receive a fund rating.
(8) If a company in a fund refuses to get rated, that company will still be listed on the fund's rating report as an investment in the fund. For funds with existing investments, at least 80% of investments (by capital deployed) must get rated in order to receive a fund rating.