

Fund follows on success of UEF I; expands scope to accelerate growth of global microfinance sector
Matt Bannick talks about changes he has made and where Omidyar Network is headed [Subscription only]
By Virginia Glasner. Venture Capital Journal.
Investment to target “missing middle” between microfinance and commercial capital markets
The Unitus Equity Fund (UEF) is a private equity fund that makes strategic investments in emerging microfinance institutions (MFIs). Launched in early 2006, the UEF was designed to encourage the development of a commercial equity market to serve the global microfinance sector. The UEF is affiliated with Unitus, a microfinance organization that provides access to capital and strategic consulting to the world's highest potential, emerging microfinance institutions. Closing in March 2007 with $23.4 million in capital commitments, the UEF works to create social impact while generating a financial return.