To kick off ImpactAlpha’s “capital on the frontier” partnership with the Collaborative for Frontier Finance and the Visa Foundation, early capital providers in Senegal, Kenya and Pakistan joined Agents of Impact Call No. 12 to explore ways to bridge the small business capital gap in emerging and frontier markets.
The acquisition is led by Evercare Health Fund, the $1 billion healthcare fund TPG Growth took over from Abraaj and manages via its multi-billion dollar, impact-focused Rise Funds.
Proceeds from the bond, the second in IIX's Women’s Livelihood Bond series, will support organizations helping low-income women in Southeast Asia transition to sustainable livelihoods.
In a guest post on ImpactAlpha, Convergence’s Adhiti Gupta makes the case that more funding to de-risk the design and structuring of blended-finance vehicles could accelerate the development of the market.
In a guest post on ImpactAlpha, Hewlett’s Marilyn Waite details the new partnership and makes the case that approach should be replicated by governments globally.
- Not enough money for promising ventures. Too much money flowing to a few companies. Both statements are true for impact-oriented small and growing businesses in emerging markets.
- “New energy vehicles” are a pillar, along with advanced robotics and artificial intelligence, of China’s “Made in China 2025” plans to dominate strategic industries. EVs are also strategic to China’s efforts to reduce pollution and oil imports.