Fund Description
The first impact investing fund in the Gray Ghost Ventures Family. Established in 2006, the fund is part of Gray Matters Capital Foundation.
Fund Mission
Gray Matters Capital is designed with two missions. First is to increase the amount of efficient allocation of human and financial capital. Second is to invest in the services of persons who are impoverished and underserved by existing capital markets.
Vintage Year
2006
Geographic and Industry Investment Targets
Target Industry
Electricity, gas & air conditioning | Financial & insurance activities | Human health & social work | Information & communication | Other services | Transportation & storage
Target Industries Description
Providing affordable goods targeted for base of pyramid users, including mobile banking, last mile distribution, micro insurance, and affordable source of electricity.
Investment Region(s)
Asia | Latin America
Countries of Investment
Bangladesh | India | Mexico
Geographic Target Description
Emerging markets with prominent need at the base of pyramid
Impact Investment Targets
Impact Targets
Socially beneficial prod/serv | Environmentally beneficial prod/serv | Targeting the underserved | Workforce development | Community development | Distributed wealth models | Socially beneficial supply chains | Environmentally beneficial practices
Socially Beneficial Products & Services
Access to basic services | Health | Infrastructure/market access | Economic &/or empowerment opportunities | Capital Flow (microfinance, equity, etc)
Socially Beneficial Products & Services Description
Products designed to enable users to attain a better quality of life by providing greater access to basic services, lighting, and financial inclusion.
Environmentally Beneficial Products & Services
Renewable energy/Cleantech | Energy efficency | Pollution prevention
Environmentally Beneficial Products & Services Description
Alternative method of producing electricity through stirling engines and solar energy.