NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

If you are an impact fund manager interested in partnering with us to accelerate the launch of your new fund, please review our selection criteria, download the application and submit your information. We review applications on an ongoing basis and are currently evaluating applications for Cohort 3, which are due November 11th. If you are interested in participating in a future cohort (new ones start about every 6 months), please submit your application as soon as it is ready.

Note: Capria is currently only processing applications from teams investing in emerging markets.  We will potentially consider applications from teams based in developed markets at a later date.

Our Business Model: We provide risk capital along with significant multi-year acceleration services and in return receive a share of management revenues and profits from your new fund(s). We look to align interests based on each fund manager’s long term success and therefore do not charge any upfront fees to participate.