Table I

Stakeholders and roles

StakeholderRolesExamples of stakeholders
Service providerProvide social service in transaction
Examples: provide capital for social service and provide data related to service provision and outcomes
Non-profit or non-government organisation (NGO), public sector service provider, cooperative, non-profit or for-profit social enterprise, for profit business
InvestorsProvide capital to service providers upfront or over the duration of the contract
Examples: senior lenders: investors with highest priority in repayment if outcomes are met
Subordinate lenders: investors with lower ranking priority in repayment
Grant makers: investors who are not repaid regardless of outcomes being met
Individual, trust, foundation, investment firm, commercial bank, credit union, public sector entity, NGO (including service providers themselves), government agency (other than outcome funder)
IntermediariesExample: raise capital, structure deal, establish company (SPV/LLC), manage partners, receive outcome payments and pay investors, conduct performance management of service provisionNon-profit (financial structuring entity or social policy research organisation), commercial bank, impact investment firm, government agency, business
Outcome fundersPay for outcomes
Example: determine outcome metrics and repayment terms
Government, foundation, development agency
EvaluatorsAssess outcomes of programmeIndependent evaluation firm, research institution, university, government agency
ValidatorsValidate rigour of evaluation to assess outcomesIndependent evaluation firm, research institution, university, government agency
LawyersAdvise on structure of deal, represent various actors involved in dealLaw firm
Technical assistance providersAdvise outcome funders (governments) and service providers on design and implementation of dealNGO, university, development agency

Source: Gustafsson-Wright et al. (2015) 

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