Resources

Batavia, Hima / Chakma, Justin / Masum, Hassan / Singer, Peter / 2011. Market-minded development.
Stanford Social Innovation Review, 9 (1): 66-71.


Over the past nine years, Acumen has deployed $48.6 million across 50 investments (35 of which are active) in the health, energy, housing, agriculture, and water industries in East Africa, India, and Pakistan. Its global health portfolio is the largest, accounting for roughly 55% of the fund. The nonprofit Acumen Fund also manages Acumen Capital Markets, a limited partnership launched in November 2009 that provides debt, convertible debt, equity, and quasi-equity financing for the more commercial investment opportunities from Acumen Fund's investment pipeline. Acumen Capital Markets has raised $15.9 million from limited partners and debt holders, including the Rockefeller and Skoll foundations, among others. In April 2001, the Acumen Fund was registered as a 501(c) (3). Novogratz's decision to pursue a nonprofit structure gave the firm the flexibility to pursue risky investments that demonstrated the potential for social impact and financial sustainability, without the pressure of attaining traditional venture capital (VC) returns.


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Appeared in

Sector: Insurance Health Insurance, Health Providers, Medical Devices
Region: East Africa South Asia