Gray Ghost Emerging Markets Fund III L.P.

Gray Ghost Emerging Markets Fund III, L.P., a Delaware limited partnership, is a leading impact investment fund focused on early-stage enterprises in global emerging markets, with a specific focus in South Asia and Sub-Saharan Africa, that uses mobile-based sector agnostic innovative applications of proven technology to address the needs of underserved populations. Created in 2014 to facilitate investments in the developing world, this investment vehicle is being opened to a limited number of like-minded accredited investors given the demand for such investments in the marketplace.

Gray Ghost Management & Operations, LLC is a U.S. limited liability company owned by and under the executive management of President and CEO Arun Gore. The Manager has been engaged as the Fund’s investment adviser.

The Manager's investment professionals have over 95 years of combined international business experience and extensive experience in creating, managing, advising and exiting a number of early-stage and Fortune 500 companies, including deep entrepreneurial, corporate and financial networks in India, Bangladesh, the U.S., Kenya and the U.K.

GGV adheres to a set of best practices which ensures responsiveness, accuracy, diligence and informed decision-making in its investment process and procedures. Below is additional information on how we evaluate investment opportunities:

A scalable and replicable business model; Quantifiable impact; The expectation of market-rate financial return

Financial description

A market-based investment approach is key to addressing some of the world’s most challenging social issues.
A large market exists for goods and services that improve the lives of the underserved. While charitable interventions often seek to address this need, there is a disconnect in the feedback loop when one party pays for a product or service and another party uses or benefits from it. A market-based approach provides a closed feedback loop, which can identify what is most beneficial to the end customers.
Market-based initiatives that can be replicated are required for products and services targeted to the poor, since businesses that cater to low-income populations generally have thinner margins. Therefore, for these businesses reaching millions of people is not only a social imperative, it is also a financial one: they must achieve scale to be profitable. Providing such businesses with appropriate financial and human capital will help them reach scale and create innovative solutions to enhance and empower the lives of the economically disadvantaged.