Investors Commit US$60Mln to MicroVest Fund

MicroVest Capital Management has closed MicroVest II, a private equity fund targeting MFIs worldwide. The fund, which closed on US$60 million and began investing in early 2009, will serve as a capital intermediary between investors and financial institutions that serve the working poor.

Investors in the fund include JP Morgan, IFC, CARE USA, Kinnevick New Ventures, The Prudential Insurance Company of America, Australian superannuation fund Christian Super, and Mennonite Economic Development Associates.

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