Capria announced the launch of Capria Emerging Managers Fund, a USD 100 million fund that will invest in equity and debt funds targeting early-stage impact businesses across Africa, Latin America, and Asia. In the next 5 years, the fund plans to invest in at least 15 impact funds, significantly expanding Capria Network’s global reach.
By 2025, Capria’s efforts are expected to unlock over USD 500 million in local and global capital to invest in businesses that will cumulatively serve more than 5 million low-income people across diverse emerging economies.
Capria also announced that it has partnered with two additional impact fund managers: Alitheia Identity, investing in women-led businesses across Africa, and idacapital, investing in technology & innovation in Turkey.
Additionally, International Finance Corporation, a division of the World Bank; Ceniarth, a family office based in London; and Sorenson Impact Foundation, a leading global impact investor joined Bill Gates and others as financial supporters of Capria Accelerator.
The Capria Emerging Managers Fund will address this critical “missing middle” by expanding investment focus from micro businesses (served by microfinance) to the SMEs (small and medium enterprises), enabling local companies to scale up providing more jobs, improved livelihoods, and better access to affordable products and services.
“Capria’s goal is to empower the next generation of fund managers in emerging economies by leveraging nearly two decades of Unitus’ institutional knowledge, data and networks in successfully generating market returns while creating impact”, said Will Poole, Co-Founder and Managing Partner of Capria. “The Capria Emerging Managers Fund will invest in the best teams emerging from our pioneering Capria Accelerator program.”
Capria Accelerator, which was launched in September 2015, partners with the best early-stage equity and debt fund managers, provides initial investment capital, and engages in significant hands-on support to help these managers launch and operate their new investment funds.