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How Single-Family Offices Translate Impact Intentions to Desired Outcomes in Portfolio Companies

Mattias Nordqvist, Marco Mismetti, Fredrik Holmberg, Lorenz Schwab

Family Business Review | Jun 26, 2026

Abstract

Abstract

Single-family offices are increasingly important actors in impact investing, yet little is known about how they translate impact intentions into desired outcomes after investing. Drawing on the socioemotional wealth perspective, we conduct an abductive qualitative study based on a dual perspective of nine single-family offices and eight portfolio companies. We identify four impact intention translation strategies, three barriers, and two enabling mechanisms. Building on these findings, we develop a typology of four impact translation logics—hands-on controllers, embedded stewards, relational investors, and formalized partners—that explains heterogeneity in how family-based priorities and intentions shape impact translation.

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Authors

Researchers on this paper

Mattias Nordqvist

first | Stockholm School of Economics | ORCID 0000-0001-8766-4990

Marco Mismetti

middle | Stockholm School of Economics | ORCID 0000-0002-1006-9066

Fredrik Holmberg

middle | Stockholm School of Economics

Lorenz Schwab

last | Stockholm School of Economics | ORCID 0000-0003-2968-7849

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Citation

BibTeX

@article{Nordqvist2026Single,
  title = {How Single-Family Offices Translate Impact Intentions to Desired Outcomes in Portfolio Companies},
  author = {Mattias Nordqvist and Marco Mismetti and Fredrik Holmberg and Lorenz Schwab},
  journal = {Family Business Review},
  year = {2026},
  doi = {10.1177/08944865261461396},
  url = {https://doi.org/10.1177/08944865261461396}
}

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