International Finance Corporation (IFC) is amongst investors in MicroVest’s second private equity vehicle, which closed in December having raised capital totalling $60 million. IFC, which has offices around the world and is an active investor in private equity funds targeting emerging markets, is one of a number of US-headquartered organisations to have made a commitment to MicroVest II. The organisation has been joined by New York-based JPMorgan and New Jersey’s Prudential Financial, both of which have considerable and diverse private equity portfolios.
Christian Super, an Australian superannuation scheme, is another limited partner in MicroVest II. The New South Wales-located scheme employs ethical investment principles and only invests in private equity funds which promote environmental and social causes. Stockholm’s Kinnevik, which predominantly makes direct private equity investments, also agreed to invest in MicroVest’s latest offering, committing $10 million. CARE USA and Mennonite Economic Development Associates (MEDA), which founded MicroVest alongside fellow non-profit organisation Seed Capital Development Fund, also invested in the fund.
For more information on institutional investors in private equity, please see Preqin’s Investor Intelligence database.