The Pioneer GIIRS funds represent 12 leading venture capital funds with $980m in assets under management and investments in 44 countries.
The portfolio companies that the GIIRS Pioneer Funds have invested in are tackling some of the most challenging social and environmental problems ranging from poverty, unemployment, lack of health care access, to environmental degradation. Using market-based solutions these companies are pushing the boundaries of what is possible in industries extending from health care, to energy, to finance, to education.
The Pioneer GIIRS funds, using a combination of debt and equity investments with a range of returns expectations, provide the required capital for their portfolio companies to scale their businesses and their social and environmental innovations.
GIIRS Pioneer Funds are leading private equity and venture capital funds that make impact investments in companies in both developed economies like the U.S. and Europe, as well as throughout the global emerging markets. GIIRS Pioneer Funds will participate in a private beta of version 3.0 of the B Impact Ratings System and will be the first funds to receive a GIIRS Impact Rating. Below is a list of funds that invest in the emerging markets that have signed on as GIIRS Pioneer Funds. GIIRS Pioneer Funds that invest in the developed economies will be announced during Q2 2010.
Acumen Fund is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. We seek to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Our investments focus on delivering affordable, critical goods and services - like health, water, housing and energy - through innovative, market-oriented approaches. The Acumen Fund makes investments in India, Pakistan, and East and South Africa.
African Agricultural Capital (AAC) - AAC invests in agricultural projects in East Africa. By June 2011, through its investees AAC intends to reach at least 150,000 smallholder households in East Africa with an income benefit per household of at least $100 per annum.
Agora Partnerships works to unleash the potential of small business impact entrepreneurs to create economic, social, and environmental value for their communities and the world. Through the Agora Venture Fund, Agora invests growth capital into early stage businesses in Nicaragua to generate social and economic returns and help inspire a new generation of impact entrepreneurs.
Business Partners Limited is a specialist risk finance company for formal small and medium enterprises (SMEs) in South Africa, and selected African countries. The company actively supports entrepreneurial growth by providing financing, specialist sectoral knowledge and added-value services for viable small and medium businesses.
E+Co - E+Co makes clean energy investments in developing countries. With 15 years of experience and offices in 8 locations, E+Co's innovative business model provides lasting solutions to climate change and poverty.
Fanisi Venture Capital Fund is a venture capital fund established in Luxembourg to work with competitive and sustainable East African businesses, whose ambitions are to grow and run their operations to global best practice standards. Fanisi expects to invest $50 million in high growth businesses in Kenya, Rwanda, Tanzania and Uganda thus catalysing the growth of East African entrepreneurs, transforming them into key actors in their industries, regionally and globally.
Grassroots Business Fund (GBF) - GBF's mission is to build and support high-impact enterprises that provide sustainable economic opportunities to thousands of people at the base of the economic pyramid. These enterprises are grassroots business organizations in developing countries that empower large numbers of the poor as producers of income-generating commodities and products, as consumers of affordable goods and services, and as independent entrepreneurs. GBF actively supports enterprises throughout Latin America, Africa, India, and Southeast Asia.
GRM Capital invests capital in microfinance institutions around the world. Our aim is to deliver "double bottom-line" returns to our fund partners through a combination of current returns and medium and long-term capital appreciation, as well as credible and measurable social impact.
IGNIA Partners's key objectives are to identify promising entrepreneurs with scalable businesses that deliver high value propositions to the Base of the Pyramid, invest in them under terms and conditions that are mutually beneficial, and guide and support their rapid growth into enterprises capable of generating financial returns and social value. IGNIA will prioritize sectors that have a disproportionate impact on improving the welfare of the poor, such as healthcare, nutrition, housing, basic utilities and education.
Root Capital is a nonprofit social investment fund that is pioneering finance for grassroots businesses in rural areas of developing countries in central america, latin america, and east and west africa. Root Capital provides capital, financial education, and market connections to small and growing businesses that build sustainable livelihoods and transform rural communities in poor, environmentally vulnerable places.
SEAF: Small Enterprise Assistance Funds ("SEAF") is a global investment firm focused on providing growth capital and operational support to businesses in emerging markets and those underserved by traditional sources of capital. SEAF selectively makes structured debt and equity investments in locally owned enterprises with high growth potential.
New Ventures at the World Resources Institute promotes sustainable growth in emerging markets by accelerating the transfer of capital to businesses that deliver social and environmental benefits at the base of the economic pyramid. New Ventures works with entrepreneurs in central america, latin america, south asia, and east asia.