New York, NY, March 30, 2022 – Girls’s World Banking Asset Administration (“WAM”) has introduced the ultimate closing of its second fund, WWB Capital Companions II, L.P. (“WWBCP II” or “the Fund”). Following its first closing of $75 million in March 2020, WWBCP II held a last closing in March 2022, bringing the overall Fund measurement to $103 million. The Fund seeks to assist shut the gender hole in monetary inclusion, whereas demonstrating the enterprise case for gender lens investing by attaining enticing returns for its traders. WWBCP II was named a 2X Problem Pioneer Flagship Fund in July 2021.

Christina Juhasz, Chief Funding Officer of WAM, stated, “We’re deeply grateful to our LPs for his or her assist and wanting to proceed our journey as gender lens traders for monetary inclusion. This new fund permits us to be much more intentional in main gender-inclusive development with our portfolio firms, deepening outreach to financially underserved ladies and female-identifying prospects and rising employment and management alternatives for them – all of which is in step with attaining enticing monetary returns for our LPs.”

Mary Ellen Iskenderian, CEO of Girls’s World Banking famous, “We’re particularly gratified to have been capable of attain the triple-digit fund measurement – which continues to be fairly uncommon within the under-invested gender lens investing area – and we hope to attract further investor curiosity to the various revolutionary gender methods which might be poised for fulfillment.”

WWBCP II expands the gender-focused funding technique of WAM’s first fund with revolutionary options designed to reinforce its social and monetary returns. These options embody a blended finance construction, which boosts risk-adjusted returns for personal and institutional traders, and a devoted, grant-funded technical help facility to assist portfolio firms obtain strategic, gender-inclusive development aims. WWBCP II’s anchor traders, the European Union (“EU”) and the German Federal Ministry for Financial Cooperation and Improvement (“BMZ”) facilitated by the German improvement financial institution KfW, offered essential funding for each the primary loss tranche in addition to the technical help facility.

The Fund’s technique is to put money into revolutionary inclusive monetary service suppliers within the rising markets that prioritize attracting and serving a gender various buyer base and increasing gender range inside their workforces to attain outperformance in development and monetary return. By the technical help facility, the Fund offers data-driven market and organizational gender evaluation for every of the Fund’s portfolio firms to be able to establish alternatives to accumulate and higher serve ladies and female-identifying prospects and to recruit, retain and advance ladies and female-identifying expertise of their workforces. These assessments will end in a Gender Motion Plan, to seize gender inclusive strategic development alternatives for every portfolio firm. Gender disaggregated reporting will maintain the Fund and its portfolio firms accountable to attaining gender inclusion targets.

WWBCP II has closed 5 investments up to now, together with an inexpensive housing finance firm in India, a tech-enabled, small-hold agri-insurance dealer and advisor in Sub-Saharan Africa, a fintech neighborhood lender in Colombia, a peer-to-peer MSME lender in Indonesia, and a deposit-taking microfinance establishment in Uganda. Additional data concerning the portfolio obtainable on the WAM web site.

The Fund’s traders embody, along with the EU and BMZ, america Improvement Finance Company, the European Funding Financial institution, Japan Worldwide Cooperation Company, German improvement financial institution KfW, Soros Financial Improvement Fund, Sasakawa Peace Basis, MEDA, Dreilinden, Ceniarth and USAID, in addition to further affect traders, household places of work and high-net price people.

European Commissioner for Worldwide Partnerships Jutta Urpilainen stated, “Girls’s financial empowerment is crucial for tackling inequalities in addition to for sustainable improvement and development. Empowering ladies is a key precedence for the European Union. The EU is proud to work along with Girls’s World Banking, main the best way on ladies’s monetary inclusion and gender lens investing.”

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About Girls’s World Banking Asset Administration

Girls’s World Banking Asset Administration, a subsidiary of Girls’s World Banking, invests in revolutionary inclusive finance firms within the rising markets, guiding them to seize the substantial market share of financially under-served ladies and the substantial expertise pool of ladies employees and leaders.

About Girls’s World Banking

Girls’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create higher financial stability and prosperity for girls, their households, and their communities. With a worldwide attain of 62 companions in 35 international locations serving greater than 138 million ladies shoppers, Girls’s World Banking drives affect via its scalable, market-driven options; gender lens personal fairness fund; and management and variety packages. To be taught extra go to womensworldbanking.org.

For additional inquiry contact: Christina Juhasz, Chief Funding Officer, cj@womensworldbanking.org, or Mary Ellen Iskenderian, President & CEO, ea@womensworldbanking.org