Nitin Rao

Legatum invests $8.4m in Intellecap

Legatum, a private firm that invests in global capital markets and in initiatives that support social development, announced an investment of US $8.4 million in Intellecap Private Limited.

Intellecap is a pioneer and leader in providing business advisory services for investors and companies that seek both a financial and sustainable social return on investment. Intellecap provides a range of consulting, advisory and capacity building services to facilitate and enable innovations that create economic activity in India’s poorest communities.Legatum has been in the news recently for its $25m investment in microfinance organization Share Microfin and for its $50m structured gift towards creating the Center for Development and Entrepreneurship at MIT.

The investment seems to fit in well with Legatum’s strategy of investing in market solutions to longer term development problems.

Even as the scale of investment attracts attention, what is striking is that these investments are targeted at organizations which have gained credibility and become leaders in their space.