The Project Sage benchmark series, initiated in 2017 by the Wharton Social Impact Initiative, tracks venture capital, private equity, and private debt investments with a gender lens. The series provides a comprehensive landscape analysis of funds incorporating gender considerations in their investment thesis. The methodology involves examining publicly available data from fund websites, marketing materials, and investment documents, categorising funds based on their gender lens criteria, and consulting industry databases and networks for additional insights.

The purpose of Project Sage is to map the expanding opportunities in gender lens investing, offering a point-in-time capture of this dynamic field. Finance professionals, fund managers, and advisors can use this series to understand how funds are integrating gender factors, exploring sector and thematic trends, and identifying investment vehicles. The series aids in recognising the diversity of gender lens investing and the varying approaches funds take in their strategies, ultimately helping stakeholders make informed decisions about their investments.