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New York, NY, March 30, 2022 – Ladies’s World Banking Asset Administration (“WAM”) has introduced the ultimate closing of its second fund, WWB Capital Companions II, L.P. (“WWBCP II” or “the Fund”). Following its first closing of $75 million in March 2020, WWBCP II held a remaining closing in March 2022, bringing the full Fund dimension to $103 million. The Fund seeks to assist shut the gender hole in monetary inclusion, whereas demonstrating the enterprise case for gender lens investing by attaining engaging returns for its traders. WWBCP II was named a 2X Problem Pioneer Flagship Fund in July 2021.
Christina Juhasz, Chief Funding Officer of WAM, mentioned, “We’re deeply grateful to our LPs for his or her help and desirous to proceed our journey as gender lens traders for monetary inclusion. This new fund permits us to be much more intentional in main gender-inclusive progress with our portfolio corporations, deepening outreach to financially underserved ladies and female-identifying prospects and rising employment and management alternatives for them – all of which is in keeping with attaining engaging monetary returns for our LPs.”
Mary Ellen Iskenderian, CEO of Ladies’s World Banking famous, “We’re particularly gratified to have been capable of attain the triple-digit fund dimension – which continues to be fairly uncommon within the under-invested gender lens investing area – and we hope to attract further investor curiosity to the numerous revolutionary gender methods which might be poised for fulfillment.”
WWBCP II expands the gender-focused funding technique of WAM’s first fund with revolutionary options designed to reinforce its social and monetary returns. These options embrace a blended finance construction, which reinforces risk-adjusted returns for personal and institutional traders, and a devoted, grant-funded technical help facility to assist portfolio corporations obtain strategic, gender-inclusive progress targets. WWBCP II’s anchor traders, the European Union (“EU”) and the German Federal Ministry for Financial Cooperation and Improvement (“BMZ”) facilitated by the German growth financial institution KfW, offered essential funding for each the primary loss tranche in addition to the technical help facility.
The Fund’s technique is to spend money on revolutionary inclusive monetary service suppliers within the rising markets that prioritize attracting and serving a gender various buyer base and increasing gender variety inside their workforces to realize outperformance in progress and monetary return. By the technical help facility, the Fund supplies data-driven market and organizational gender evaluation for every of the Fund’s portfolio corporations with a view to determine alternatives to amass and higher serve ladies and female-identifying prospects and to recruit, retain and advance ladies and female-identifying expertise of their workforces. These assessments will lead to a Gender Motion Plan, to seize gender inclusive strategic progress alternatives for every portfolio firm. Gender disaggregated reporting will maintain the Fund and its portfolio corporations accountable to attaining gender inclusion targets.
WWBCP II has closed 5 investments to this point, together with an inexpensive housing finance firm in India, a tech-enabled, small-hold agri-insurance dealer and advisor in Sub-Saharan Africa, a fintech neighborhood lender in Colombia, a peer-to-peer MSME lender in Indonesia, and a deposit-taking microfinance establishment in Uganda. Additional data relating to the portfolio out there on the WAM web site.
The Fund’s traders embrace, along with the EU and BMZ, the USA Improvement Finance Company, the European Funding Financial institution, Japan Worldwide Cooperation Company, German growth financial institution KfW, Soros Financial Improvement Fund, Sasakawa Peace Basis, MEDA, Dreilinden, Ceniarth and USAID, in addition to further affect traders, household places of work and high-net value people.
European Commissioner for Worldwide Partnerships Jutta Urpilainen mentioned, “Ladies’s financial empowerment is crucial for tackling inequalities in addition to for sustainable growth and progress. Empowering ladies is a key precedence for the European Union. The EU is proud to work along with Ladies’s World Banking, main the best way on ladies’s monetary inclusion and gender lens investing.”
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About Ladies’s World Banking Asset Administration
Ladies’s World Banking Asset Administration, a subsidiary of Ladies’s World Banking, invests in revolutionary inclusive finance corporations within the rising markets, guiding them to seize the substantial market share of financially under-served ladies and the substantial expertise pool of girls employees and leaders.
About Ladies’s World Banking
Ladies’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create higher financial stability and prosperity for ladies, their households, and their communities. With a worldwide attain of 62 companions in 35 nations serving greater than 138 million ladies purchasers, Ladies’s World Banking drives affect by means of its scalable, market-driven options; gender lens personal fairness fund; and management and variety applications. To be taught extra go to womensworldbanking.org.
For additional inquiry contact: Christina Juhasz, Chief Funding Officer, cj@womensworldbanking.org, or Mary Ellen Iskenderian, President & CEO, ea@womensworldbanking.org
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