Creation Investments Capital Management, which has invested in several MFIs in India and elsewhere in Asia has announced the final closing of Creation Investments Social Ventures Fund III, LP with $125 million of capital commitments.
The Fund has accepted commitments from a diverse group of existing and new investors including US insurance companies, pension funds, foundations and family offices. The Fund has already made six investments since inception in Asia, Eastern Europe and Latin America.
Creation Investments Capital Management, LLC was set up in 2007 to invest in financial services firms focused on the unbanked/under-served populations in the developing world.
Creation seeks to source proactively opportunities throughout core Emerging Markets. The Creation team will continue to execute its disciplined investment strategy focused on banks, specialty finance, insurance, payments, factoring and leasing companies globally.
Patrick Fisher, Managing Partner and Founder, said, “We are honored to have the backing of a strong group of limited partners who believe we can execute on maximizing financial returns while providing significant social impact.”