Global Microfinance Equity Fund (GMEF), launched in 2008, was a Fund of Funds with an objective of making PE investments in the Micro Finance Institution (MFI) space through regionally focused funds (CMI, IFIF, Prospero and Africap funds). It was a well diversified fund with a well spread geographic focus on Asia (55%), Latin America (25%) and Middle East – North Africa (20%). The investment period ended in December, 2012.
About Graymatterscap
Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.
GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).
GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.
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