MicroVest Closes PE Fund
MicroVest Capital Management, LLC closed MicroVest II, LP, a private equity fund targeting microfinance institutions worldwide. The fund, which closed with $60 million in commitments, will serve as a capital intermediary between investors and financial institutions that serve the working poor. J.P. Morgan Securities Inc. acted as a placement agent, and one of its affiliates was a lead investor. In addition to J.P. Morgan, lead investors include the International Finance Corporation, CARE USA, Kinnevick New Ventures AB, The Prudential Insurance Company of America, Christian Super Pyt, Ltd, and Mennonite Economic Development Associates.
4 February 2010•2 mins read
