Build fund manager capacity

The Impact Programme will work with partners to build fund management capacity. It will do this by supporting the development of sustainable and scalable models that identify early-stage Fund Managers and provide capacity building for them at scale. It will also support the development of new models that reduce costs for Fund Managers.

Initiatives

Advancing the Next Generation of Impact Fund Managers

capria-logo-vertical-2000x2000Partner: Capria Ventures LLC
The Impact Programme is supporting Capria Ventures LLC in advancing the next generation of local impact fund managers in Sub-Saharan Africa and South Asia. Capria offers a new approach to sourcing, mentoring, and supporting locally-based fund managers that addresses the “missing middle” finance opportunity – targeting small and growing businesses (SGBs) that are too big for microfinance and too small for conventional banking or private equity. The Capria initiative offers a combination of senior-level partnering, a tightly coupled peer network and tailored capital that helps local funds optimise their performance.

Scope of work

The initiative will work with impact funds which aim to provide essential services and employment (e.g. healthcare, education, housing, financial access, food/agri-businesses and other ‘basic service’ areas) over the next three years with a major emphasis on Sub-Saharan Africa and South Asia. Selected early stage fund managers will be supported through a tailored ‘intensive’ four week programme followed by a complete and multi-year package of mentoring, access to tools, processes and templates, ongoing fundraising and investment evaluation support.

Intended impact

The Capria initiative aims to be operational and self-sustaining, supporting impact fund managers a year to develop and attract investment. Over the next 10 years, Capria expects to partner with and support over 50 enduring fund managers in emerging markets, activating over $3.5 billion in follow-on investment capital and improving the lives of over 35 million low-income people.