KNOW A MICROFINANCE FUND: Unitus Equity Fund I

Overview:
The Unitus Equity Fund I is a private equity fund that invests in microfinance institutions (MFIs).

Description:
The Unitus Equity Fund I is a private equity fund that makes equity investments in financial institutions (MFIs). The fund is supported by nonprofit Unitus and managed by Elevar Equity. The fund invests in India and Latin America.

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/unitus-equity-fund-i/

Organization’s Website:
http://www.elevarequity.com/

Just the Facts:
Country of Incorporation: United States
Year Founded: 2006
Legal Status: Limited Partnership
Fund Assets (as of day/month/year): USD 23.6 million (as of 31/March/09)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 23.6 million (as of 31/March/09)
Number of MFI Investments (as of day/month/year): 6 (as of 31/March/09)
Area of Operation: Latin America, India
Participant(s)/Backer(s)/Investor(s): Unitus
Instruments: Equity
Fund Currency: USD
Investment Horizon: 5-7 years
Fund Manager: Elevar Equity

Contact Information:
Elevar Equity LLC
220 W Mercer Street,
Suite W-500
Seattle, WA 98119.USA
Tel: +1 206 926 3705
Fax: +1 206 834 6431

Additional Resources:
Unitus Equity Fund Closes Largest Private Global Equity Fund Targeting Microfinance (March 2007)
http://www.encyclopedia.com/doc/1G1-161412377.html

Unitus Equity Fund Appoints Chris Brookfield Investment Director and Announces First Major Microfinance Investments in India (May 2006)
http://www.encyclopedia.com/doc/1G1-146055062.html

India’s Ujjivan Increases Equity With Investments By Unitus Equity Fund, Bellwether Microfinance Fund, Michael and Susan Dell Foundation, Sequoia Capital, Lok Capital, India Financial Inclusion Fund and SIDBI (March 2008)
https://www.microcapital.org/microcapital-story-indias-ujjivan-increases-…

Indian Technology Company, Comat, Raises $12.5m from Omiydar Network and Unitus Equity Fund of the United States (October 2008)

Link to Microcapital Universe wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Unitus+Equity+Fund+I

Authored by Kenny Kline, Research Associate

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