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3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
3. plenary acumen ms.molly
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3. plenary acumen ms.molly

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  • An example of our value add: The Monitor Group carried out an extensive study of impact investments, and found that there is a clear gap in the stages of growth of social enterprises. We need philanthropic capital to fill the “Pioneer Gap” where enterprises have the flexibility to innovate, test their solutions, and prepare to enter more commercial markets. Acumen’s patient capital provides the time and knowledge necessary to scale innovative business models that tackle the problems of the poor
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    • 1. Acumen FundInvesting in game-changing companiesInvesting in leadersInvesting in ideas that change how the world fights poverty
    • 2. Acumen Fund A social fund that invests patient capital in enterprises that sustainably serve the poor Note: Acumen Fund, Inc. is structured as a 501(c)3 tax-exempt organization
    • 3. Since 2001 we have $79 MILLION invested in 69 companies 90 MILLION individuals reached 57,000 jobs created and supported
    • 4. We work in low-income, emerging markets Pakistan + + India West + Africa East Africa + Acumen Fund Office + + Local offices source and diligence deals + 24 investment professionals + In-country advisory boards
    • 5. What makes an Acumen Fund investment?+ Potential for large-scale social impact (10x growth or 1M+ customers)+ World-class team deeply committed to solving problems for the poor+ Enterprises that have the potential to be financially self-sustaining+ Potential “game changers” – new global models for fighting poverty
    • 6. Patient Capital for long-term social impact Traditional venture capital Maximize financial return Maximize Patient Capital Blending social and financial returns for long-term social impact Financial return 0% objective Traditional philanthropy Maximize social impact No return None Maximize Social impact objective
    • 7. Investing to alleviate poverty and recyclingreturns 7-10 years Exit at Scale Recycle returns Scale up Early stage 1 Invest funds in 2 Grow enterprises 3 Recycle equity or debt focused on social returns into impact and more sustainability enterprises
    • 8. Our investments create access to basic servicesWater & Sanitation Energy + Community water and + Low-cost power/light for sanitation systems off-grid communities + Scale through public- + E.g. private partnerships solar, biomass, small- scale hydropower Housing Agriculture + Low-cost housing for + Increase productivity of former slum dwellers smallholder farmers + Focus on building + E.g. drip community and flexible irrigation, seeds, fertilize financing products. rs and artificial insemination Education Health + Specialized secondary + Sustainable, low-cost care services, e.g. private education and maternal, eye care activities-based learning + Low cost distribution models systems with innovative + Vocational and skills pricing training
    • 9. Portfolio growth $79M $79M INVESTED $72M $361M FOLLOW-ON CAPITAL INTO OUR COMPANIES $54M $9.1M $43M CAPITAL RETURNED $37M $26M $15M $8M $4M 2004 2005 2006 2007 2008 2009 2010 2011 TODAY
    • 10. Building the rural water industry in India$600K Acumen equity investment in WHI in 2004 External capital invested$50M (Dow, IFC) 5M+ Customers served by WHI and companies replicating their model
    • 11. Electrifying rural India Acumen convertible debt $375K investment in Husk Power in 2009 Villages electrified, impacting 300+ over 200K lives Price for 2 household lights $2 PER MONTH and unlimited cell phone charging.
    • 12. Game-changing investmentsA to Z (Tanzania) – leading global producer of GEWP (India) – 330,000 people with increased Olyset anti- malarial bed nets crop yields Saiban (Pakistan) – a new model for ZHL – 772 ambulances in 6 states in India; affordable housing development over 1 million calls answered
    • 13. How we find investments +We believe in building a local team, a strong network of local advisors, and finding local funders +Enterprises must have a high potential for social-impact and a financially sustainable business plan +Lots of collaboration with others in the space to refer pipeline opportunities to each other
    • 14. How we raise funds We are largely backed by philanthropy +However, donors often have the same criteria as investors
    • 15. How we raise funds We are clear on our return expectations +We invest primarily for social impact + We expect our capital to be returned, but know that the time horizon is long +Any returns are reinvested into the portfolio
    • 16. How we raise funds We are clear on our investing thesis, and what value we can add in return +Ten years of impact investing experience +Support for innovative business models +A wide ranging local and global community of experts
    • 17. Business model pioneers face a criticalfunding gap Blueprint Validate Prepare Scale Up “Pioneer Gap” Monitor Inclusive Markets, From Blueprint to Scale: The Case for Philanthropy in Impact Investing April 2012
    • 18. New initiatives Education West Africa Regional Fellows + Raised $4M+ in 2011 to + Launched West Africa office + Expand our Global Fellows build education portfolio; and made first investments in program looking to raise $2M 2011 + East Africa Fellows more. + Strong portfolio of 3 Program launched May + Integrating into investments in 2011 geographies in which we health, housing, and agriculture and strong + Expanding into have a deep presence emerging pipeline Pakistan, India, West Africa + Made first 2 investments in 2012-2013 in early 2012 in India + Active Board Member from Ghana and emerging Partner
    • 19. Our vision for 2015 Catalyze patient capital globally + Expand to 15 countries by 2015 + Grow our portfolio to $150M and impact 150M+ lives + At least 10 of our 80+ companies are truly transformative + 400+ Global and Regional Fellow Program Alumni across the globe + Change the way the world tackles poverty
    • 20. Thank You Dignity, not dependence Choice, not charity

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