Global fund investing in impact fund managers in emerging markets is over-subscribed at $5.2M
Capria, a global impact investment firm focused on the “missing middle” finance opportunity by advancing the next generation of impact fund managers in emerging markets, today announced that the Capria Accelerator Fund has reached its final close at $5.2M and is slightly over-subscribed. The fund is a stepping stone towards the $100M Capria Emerging Manager Fund, targeting first close in H1 2017. Investors in the Capria Accelerator Fund include Bill Gates, Ceniarth, Sorenson Impact Foundation, Aarin Capital Partners, and the International Finance Corporation.
Capria Accelerator Fund supports Capria’s fund acceleration program in two ways — investing seed capital into GPs, and backing companies via a warehousing facility with either equity or equity-linked investments.
Recently, Capria announced receiving substantial support from UK AID and IFC, funding our acceleration program and also expansion into Sub-Saharan Africa. UK AID’s funding will help us establish an office in Africa in the first half of 2017 and we are currently looking for senior talent in Nairobi, Lagos and Johannesburg.
This article in Africa Global Funds details more on our plans and remember applications for Capria Accelerator’s third cohort are open only until 11th of November!
