Creation Investments Closes Global MFI Fund at $32M

Monday, January 17, 2011

Creation Investments Social Ventures Fund I, a global microfinance-focused private equity fund, has made a final close at $31.8 million. The fund is now eyeing investments in Asia, besides Latin America and Eastern Europe. The Fund’s investor base includes 74 US and European institutional investors along with family offices and high net worth individuals. Creation Investments Capital Management, LLC, is headquartered in Chicago, Illinois.

The fund has till date deployed half of this capital, making investments in five MFIs and lenders in geographies like Latin America and Central and Eastern Europe. Its portfolio includes include: Aspire, S.A.P.I. de C.V. SOFOM E.N.R. (Mexico); MicroCred Mexico, S.A.P.I. de C.V. SOFOM E.N.R. (Mexico); Opportunity Albania (Albania); Inicjatywa Mikro (Poland); and Forus Bank (Russia).

Creation Investment Social Ventures Fund I eyes growth equity investments in early stage MFIs besides buyout equity deals in MFIs transitioning out of NGO ownership.

“We are excited to have brought sophisticated, private sector investors to a new asset class providing them with the opportunity to maximize their financial and social returns through robust impact investments” said Patrick Fisher, CEO and Co-Founder of the Fund Manager.

Source: VCCIRCLE (link opens in a new window)