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CARE Enterprises is the investment arm of CARE, a women and girls-focused humanitarian organization.
CARE announced the fund at the World Economic Forum. The organization also announced a collaboration with WEF’s Fourth Sector Development Initiative, a newly formed multi-stakeholder initiative that brings together capital from public, private and philanthropic institutions committed to growing the fourth sector.
The fund will offer long-term debt, equity, and blended investments to social ventures focused on economic inclusion in frontier markets. “Rather than having these entrepreneurs fit into structures that demand profit-maximization, CARE Enterprises will create a portfolio of transformative ‘benefit-maximizers’ by incentivizing our investees to deliver on their promises of social impact to create dignified jobs that break cross-generational poverty cycles in marginalized communities,” said Marilia Bezerra, a managing partner at Care.