Women's World Banking
WWB Capital Partners II

Women’s World Banking work with financial institutions to encourage them to invest in women as clients and as leaders. As a fund manager, their focus is on making strategic minority equity investments in women-focussed financial services providers to enable greater financial inclusion amongst low-income women in emerging markets.Following on from our $1m investment in Women’s World Banking first fund, WWB Capital Partners, we committed twice as much capital in 2020 to their second fund, WWB Capital Partners II. In this larger second fund, WWB have greater scope to invest in a broader group of financial services providers (relative to MFI-only investments previously) translating to a greater range of financial products and services for underserved women. The fund has a global remit across Sub-Saharan Africa, South Asia, MENA, South East Asia and Latin America.The fund is structured as a blended finance vehicle with different tiers of investment to suit different investor risk appetite. Following on from the first close of $75m, the fund is targeting $100m by final close with a target split of $20m first-loss capital, $50-55m commercial return-seeking capital and c. $25-30m in risk-sharing leverage.