This evaluation was prepared by an Independent Evaluation Group team led by Melvin P. Vaz (senior evaluation officer, Finance, Private Sector, Infrastructure, and Sustainable Development) and Andrew H. W. Stone (lead evaluation officer), under the guidance of Marialisa Motta (former manager), Christopher Nelson (manager), and Carmen Nonay (director), with overall guidance from Sabine Bernabè (Director General, Evaluation). Jozef Vaessen (adviser) also provided critical guidance during the preparation and formulation of findings for this evaluation.

The evaluation team and contributors included Ridwan Bolaji Bello and Sanittawan Nikki Tan (evaluation analysts) and Nana Sika Ababio and Stephen C. Miller (consultants), who contributed to multiple inputs, including desk reviews, portfolio analysis, efficiency analysis, benchmarking, statistical analysis, methods appendix, and literature review. Orlando Vaca Rodriquez (consultant) contributed to project coding. Konstantin Panov (senior consultant) authored desk-based studies of four platforms. Rama Seth (senior consultant) authored the International Finance Corporation Startup Catalyst platform case study. Maria Elena Pinglo (senior evaluation officer), advised by Jenny Gold (senior evaluation officer), authored the Global Health Platform case study. Arun Kumar Sharma (senior consultant) authored the Base of the Pyramid platform case study. Stefan Triendl (consultant) authored the deep dive on risk. William C. Haworth (senior consultant) authored the deep dive on oversight and reporting. Andrew Kilpatrick (senior consultant) authored the deep dive on the European Bank for Reconstruction and Development frameworks. Angel Saz-Carranza (professor of strategy and public policy director at the Esade Center for Global Economy and Geopolitics) led and advised on the forward look scenario exercise. Emelda Cudilla (consultant) and Romayne Pereira (program assistant) provided invaluable administrative support. Valuable methodological guidance was received from the Independent Evaluation Group Methods Advisory team led by Estelle Raimondo (methods head) with Santiago Alejandro Tellez Canas (consultant) and Santiago Ramirez Rodriguez (evaluation analyst). The peer reviewers were Rashad Kaldany (chief investment officer of Blue like an Orange Sustainable Capital), Alison Harwood (senior fellow, international, the Milken Institute), and Sabine Schlorke (investment professional).

The team extends its thanks to the advisers or senior advisers to the executive directors for discussions on the evaluation scope during the Concept Note stage and for focus group discussions as part of the forward look scenario exercise.

The team also thanks the many International Finance Corporation staff and managers who contributed their insights to this work. Special thanks go to the Strategy and Operations management team, including Anastasia Gekis (director), Liane Asta Lohde (manager), Ayesha Muzaffar (principal operations officer), Monika Noniewicz and Núria Pérez Tello (associate operations officers), and Yea Jy Lee (strategy analyst). Thanks also go to Mohamed Gouled (vice president, Industries), Tomasz Telma (director, Financial Institutions Group), Farid Fezoua (director, Global Health and Education Services), and German Cufre (manager, Global Infrastructure). These people bear no responsibility for the analysis or conclusions of the Independent Evaluation Group.