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Fund geography
The Unitus Equity Fund objective is to invest in microfinance institutions (“MFIs”), predominantly in India and otherwise in developing countries around the world, that demonstrate the potential to address the lack of access to financial services in developing nations.
For the Fund’s purposes, an MFI is defined as any organization engaged in extending microcredit loans or other financial services to enterprises owned by members of disfranchised communities or otherwise provide loans or other financial services to members of disfranchised communities.
Asset class
Fund status
Fund style
Financial description
Unitus Equity Fund primarily targets MFIs that have a clearly demonstrated capacity and willingness to design, implement and grow a successful microfinance program.
The Fund will make its Investments solely in microfinance organizations. The Fund will not invest more than 20% of the aggregate principal amount of committed Investments in any country other than India. No Investment will represent more than 20% of the total Investments of initial capital, except under extraordinary and temporary conditions and as approved by the General Partner’s Board of Directors.
18 years
of track record
2006
the year funded
n.a.
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Elevar Equity
Headquarters location: United States of America
Other funds managed by this asset manager: Elevar Equity II, LP
Impact Category
Key performance indicators
Fund overview
Asset manager: Elevar Equity
Product track record: Fund has 18 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile:
Product status: Closed - no longer investing
Style/Stage: Growth Stage
Inception year: 2006
Vintage year: 2006
Target region: Asia, Emerging countries
Target close date: n.a.
Product term: 10
Assets under management: n.a.
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 6
Fund investments to date exited or repaid: 1
Management fee: 2.5%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Other Institutional Investors
Contact
E-mail: info@elevarequity.com
Website: http://www.elevarequity.com
Phone number: 425-749-7028
If you wish to have your details removed from this database please email gdpr@impactyield.com
Trevor Downs
CFO
Impact Performance
n.a.
Impact thesis
Unitus Equity Fund expects to generate social value by:
-Supporting the growth of MFIs which are servicing disfranchised communities in their formative developmental stages
-Helping to raise income levels for microentrepreneurs living among disfranchised communities
-Increasing the visibility of microfinance as a viable investment vehicle among private sector investors, with a view toward narrowing the capital shortfall which characterizes the microfinance industry globally through the Fund’s returns.
Impact Management
n.a.