Overview:
Elevar Equity II provides equity to microfinance institutions (MFIs) and companies in developing economies.
Description:
Elevar Equity II was launched by Elevar Equity in 2008 when Legatum and Omidyar Networks each committed USD 20 million to the fund. The fund makes equity investments in high-growth microfinance institutions (MFIs) and to entrepreneurs building companies providing services and products in emerging markets. Elevar Equity II is the successor to the Unitus Equity Fund (closed in 2007), which Elevar managed on behalf of Unitus.
Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/unitus-equity-fund-ii
Organization’s Website:
http://www.elevarequity.com/
Just the Facts:
Country of Incorporation: United States
Year Founded: 2008
Fund Assets (as of day/month/year): USD 70 million (as of 2009)
Number of MFI Investments (as of day/month/year): 2 (as of 2009)
Area of Operation: India and Mexico
Participant(s)/Backer(s)/Investor(s): Omidyar Network, Legatum
Instruments: Equity
Fund Currency: USD
Investment Horizon: 5 to 7 years
Fund Manager: Elevar Equity
Contact Information:
Elevar Equity LLC
220 W Mercer Street,
Suite W-500
Seattle, WA 98119.USA
Tel: +1 206 926 3705
Fax: +1 206 834 6431
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Additional Resources:
Legatum and Omidyar Network Invest USD 40 million as Co-Anchors of Unitus (May 2008)
http://www2.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/…
Latest News from Elevar Equity
http://www.elevarequity.com/latest-news.html
Link to Microcapital Universe Wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Elevar+Equity+II
Authored by Kenny Kline, Research Associate
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