History
Founders Peter Johnson and Judy Kirst-Kolkman recognized the promise and value in emerging and frontier markets nearly 30 years ago and founded Developing World Markets in 1994. By the end of that decade, they had fully committed to impact investing in these markets. Since then, DWM has been a leader in proving that institutional-quality investing and sustained impact can go hand in hand.
ImpactAssets Global 50 Impact Investing Firm
Eleven-time designee
A+ for Strategy
and Governance
A+ for Strategy and Governance
UNPRI Assessment Report 2020, 2019, 2018, 2017
A+ for Direct
Inclusive Finance
A+ for Direct Inclusive Finance
UNPRI Inclusive Finance Assessment 2020, 2019
Impact Report Social Impact
July 2025
Annual Impact Report 2025: SDGs Credit Fund
Impact Report Social Impact
June 2025
Developing World Markets Impact Report 2025
Impact Report Social Impact
September 2024
Annual Impact Report 2024: SDGs Credit Fund
Impact Report Social Impact
July 2024
Developing World Markets Impact Report 2024
Impact Report Social Impact
August 2023
Annual Impact Report 2023: Trill Impact-DWM SDGs Credit Fund
Impact Report Social Impact
June 2023
Developing World Markets Impact Report 2023
Impact Report Social Impact
August 2022
Developing World Markets Impact Report 2022
Impact Report Social Impact
December 2021
Developing World Markets Impact Report 2021
Impact Report Social Impact
January 2020
Developing World Markets Impact Report 2020
Impact Report Social Impact
January 2019
Developing World Markets Impact Report 2019
Impact Report Social Impact
January 2018
Developing World Markets Impact Report 2018
Impact Report Social Impact
January 2017
Responsibility and Impact Report AIMF III – 2017
