The rising social and economic power of women venture is global mega-trend that venture capital is beginning to notice.

A gender lens can mean different things to different investors. Included: Women-led companies, companies that improve the lives of women and girls, and “companies, funds, and investment vehicles with a focus on women throughout value chains, products and services, or leadership,” according to the report.

Women’s leadership in gender lens investing comes with a caveat, say the report’s authors. There’s an inverse correlation between fund size and the proportion of women fund partners.

“The more women at the top, the less capital raised,” write the authors.

Suzanne Biegel, a longtime gender lens investor and advisor, and the team over at the Wharton Social Impact Initiative have pulled together one of the most comprehensive lists of private equity, venture capital and debt funds explicitly investing with a gender lens.

Read the full article and list of funds by Dennis Price about gender lens on ImpactAlpha