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MicroVest closes second PE fund at $60 million

Microfinance Monitor, Feb 4, 2010: MicroVest Capital Management, LLC has announced the closing of MicroVest II, LP, a private equity fund targeting top-tier microfinance institutions, at $60 million in commitments in December 2009. 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, [...]

MicroVest invests $4 million in Grameen Koota’s NCDs

Microfinance Monitor, Jan. 22, 2010: Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 20 crore (approximately $4.27 Million) of debt capital through an issuance of secured, redeemable, non-convertible debentures (NCDs) to MicroVest I, LP (MV I), a private equity fund formed under US Laws and registered as a Foreign Institutional [...]

Timeline: Capital inflow into Indian Microfinance sector in 2009

Microfinance Monitor, January 1, 2010 – Microfinance has reportedly recorded more than 15 deals in 2009 while some speculative deals like Share Microfin’s IFC deal and Spandana’s Temasak deal never came through.

Here is a timeline of the deals in the Indian Microfinance sector in 2009:

Jan. 21, 2009: Mauritius-based Valiant Mauritius Partners FDI invests $22 million [...]