Our Funds
AV Ventures currently manages four impact investment funds: the Impact for Kenya (INK) Fund, AV Ventures Ghana (AVVG) Fund, the Central Asia Investment Fund (CAIF), and the SELEVER Impact Fund. In addition, AV Ventures is a General Partner of Pomona Impact, which manages a $33 million multi-sector impact fund for Central America.
Africa
Impact for Kenya (INK) Fund
The Impact for Kenya fund accelerates inclusive finance and economic opportunities throughout Kenya.
189,760
Clients served by portfolio companies
98,675
Female clients served by portfolio companies
USD$130M
Capital leveraged since INK Fund investment
About the Impact for Kenya Fund
- The Impact for Kenya (INK) Fund, launched in collaboration with USAID/Kenya and East Africa, provides flexible medium and long-term capital to financial institutions and enterprises operating at the intersection of financial inclusion, agriculture, climate finance, and basic services.
- The INK Fund leverages ACDI/VOCA’s extensive expertise in market systems, inclusive access to finance, impact investing, and analysis to provide pre-and post-investment support to investees.
- The Impact for Kenya Fund has an active pipeline of 50+ MFIs, SMEs, and fintech companies.
AV Ventures Ghana (AVVG) Fund
With AV Ventures Ghana, we have built a successful pilot fund which creates a viable path toward our vision of a pan-African fund that accelerates climate adaptation and gender equity through more inclusive food systems.
1.86M
Smallholder farmers served by portfolio companies
USD$20M
Input credit deployed to smallholder farmers by portfolio companies
About AV Ventures Ghana Fund
- AV Ventures Ghana LLC (“AVVG”), is an evergreen (permanent capital) blended finance vehicle, funded with concessionary capital from the U.S. Department of Agriculture (USDA) and a long‐term loan from the US Development Finance Corporation (USDFC, previously OPIC).
- AVVG has a strong pipeline of 100+ SMEs in the agribusiness sector valued at $75M+. AVVG has a deep network of sectoral experts that provide high quality, pre-vetted opportunities, thus reducing sourcing time and costs.
SELEVER Impact Fund
The SELEVER Impact Fund is a pilot fund in Burkina Faso that provides financing to MFIs and SMEs active in the poultry market
70,404
Clients served by portfolio companies
3,789
Poultry microntrepreneurs financed
22,110
MFI clients recieving new financial access
About the SELEVER Impact Fund
- The SELEVER Impact Fund is part of a collaboration between AV Ventures and Tanager under the SELEVER II (Soutenir l’Exploitation Familiales pour Lancer l’Elevage des Volailles et Valoriser l’Economie Rurale II) project.
- Fund investments are designed to increase food security and access to finance amoung poultry entrepreneurs to strengthen poultry market systems, faciliate women’s empowerment, and improve nutrition behavior.
- 39% of clients served by portfolio companies are women and 45% of financed microentrepreneurs are women.
Currently Raising:
AV Ventures Africa SME (AVAS) Fund
Building upon our expertise and track record in strengthening food systems across Africa, we are establishing the AV Ventures Africa SME (AVAS) Fund, a $60 million impact fund for African SMEs.
USD $500K - $5M
Ticket size (patient/growth capital)
3 - 7 Years
Ticket size (patient/growth capital)
20 - 25 Investments
Portfolio target
About the AV Ventures Africa SME (AVAS) Fund
- AVAS utilizes an innovative financing approach through mezzanine, debt, and equity instruments with an emphasis on risk-sharing and catalytic capital.
- Sector Focus: food systems across the entire value chain, climate-smart and resilient investments, ag-tech innovations, renewable energy solutions, inclusive financial services and fintech, and gender-lens investing.
- Geographic Focus: Ghana, Kenya, Tanzania, Burkina Faso, Côte d’Ivoire, and Zambia,
- Sponsors: ACDI/VOCA and AV Ventures
- GP/Sponsor Commitment: USD $6M
Central Asia
Central Asia Impact Fund (CAIF)
Central Asia Impact Fund (CAIF) is managed by AV Ventures and AV Frontiers, an investment management firm based in Bishkek, Kyrgyz Republic. AV Frontiers is co-owned by AV Ventures and the Kyrgyz financial institution Frontiers.
144,983
Clients served by portfolio companies
51,459
Female clients served by portfolio companies
USD $90M
Capital leveraged since CAIF Investments
About the Central Asia Impact Fund (CAIF)
- CAIF is an evergreen (permanent capital) blended finance vehicle, anchored with capital from an investment from a private Kazak investor and ACDI/VOCA.
- CAIF has a strong pipeline of 100+ FIs and fintech comapnies across Uzbekistan, Tajikistan, Kyrgyzstan, and Kazakhstan. CAIF has a deep network of sectoral experts that provide high quality, pre-vetted opportunities, thus reducing sourcing time and costs.
- CAIF leverages ACDIVOCA’s and Frontiers’ 22 years of experience in the Central Asia region.
Currently Raising:
Central Asia Impact Fund II (CAIF II)
USD $500K - $5M
Ticket size (patient/growth capital)
3 - 7 Years
Ticket size (patient/growth capital)
About the Central Asia Impact Fund II (CAIF II)
- CAIF II is a debt and mezzanine fund that scales financial infrastructure in Central Asia. We invest in FinTech’s, MFIs, and digital lenders that expand access to responsible financial services for underserved populations.
- Geographic Focus: Kyrgyzstan, Tajikistan, Uzbekistan, and Kazakhstan.
- Sponsors: ACDI/VOCA & Frontiers – 22 years in Central Asian finance
- GP/Sponsor Commitment: USD $12M
Latin America
AV Ventures is a GP partner of Pomona Impact Fund and participates in Pomona’s IC committee and LPAC as an observer. Pomona Management is in charge of day-to-day operations of the Fund.
For more information about Pomona click here.
Why Partner With Us
Proven Track Record
Over a decade of experience managing impact funds across Africa, Central Asia, and Latin America.
Strong Pipeline
Deep local networks and relationships with high-potential SMEs and financial institutions.
Impact + Returns
We measure success by both financial performance and measurable improvements in financial inclusion, gender equity, and climate resilience.