NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, February 13, 2014

Senior private equity fund managers focussing on impact investing indicated that Omidyar Network, founded by eBay founder Pierre Omidyar, has already committed to Elevar’s next fund, after being an investor in the second fund. Legatum, another global investor, had committed its resources to the second fund and its not yet sure, if there will be a follow-on from them. In addition to Omidyar, US-based blue-chip company Family Office is expected to be a key investor in Elevar’s third fund.