MICROCAPITAL BRIEF: Gil Crawford Shifting Role at Microfinance Investor MicroVest, Joshua Moraczewski is New CEO

MicroVest, an asset-management subsidiary of US-based Development Alternatives Incorporated (DAI), recently announced that Joshua Moraczewski will serve as its new CEO, succeeding Gil Crawford. Mr Moraczewski joined DAI in 2019 and previously worked for UK-based Kew Capital and Switzerland-based Credit Suisse. Mr Crawford has been CEO of MicroVest since co-founding the firm in 2003. He will continue in a full-time role, serving as Chair of both MicroVest’s Board of Directors and its investment committee.

MicroVest “specializes in allocating private debt capital to responsible microfinance and small and medium sized enterprises (SME) finance institutions serving unbanked and underbanked microentrepreneurs and small businesses in emerging markets.” As of 2021, the firm had a gross loan portfolio of USD 519 million.

DAI, which acquired MicroVest in 2021, is a US-based global development firm focused on “fundamental social and economic development problems caused by inefficient markets, ineffective governance and instability.”

By Ben Greissman, Research Associate

Sources and Additional Resources

MicroVest press release
https://microvestfund.com/joshua-moraczewski-succeeds-co-founder-gil-crawford-as-microvest-ceo/

DAI profile on Joshua Moraczewski
https://www.dai.com/who-we-are/our-team/joshua-moraczewski

MicroVest profile on Gil Crawford
https://microvestfund.com/our_team/gil-crawford/

Previous MicroCapital article on MicroVest and DAI
https://www.microcapital.org/microcapital-brief-microvest-loans-5m-to-banco-delta-to-boost-post-covid-economy-in-panama-via-financial-access-for-msmes/

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