Creation Investments collects more than $270m for fifth impact fund

Creation V's limited partners include insurance companies, pensions, foundations, fund of funds managers and family offices.

  • The fund will focus on increasing financial capital access to the unbanked and underbanked populations, with a focus on India and Mexico
  • Creation V has deployed approximately 60 percent of capital in its target markets
  • As of Sept. 30, 2022, Creation had more than $1.8 billion in assets under management

Creation Investments, a Chicago-based investment manager focused on the emerging markets, has closed its fifth private equity impact fund at more than $270 million.

Creation V’s limited partners include insurance companies, pensions, foundations, fund of funds managers and family offices.

The fund will focus on increasing financial capital access to the unbanked and underbanked populations, with a focus on India and Mexico.

“We are grateful to our diverse investor base, which for more than 15 years has enabled Creation to execute on our mission to improve the lives of those at the bottom of the economic pyramid in emerging markets,” said Patrick Fisher, founder and managing partner of Creation Investments, in a statement. “Creation’s portfolio companies are providing financial access and helping raise the quality of life for millions of people and businesses in the developing world.”

To date, Creation V has deployed approximately 60 percent of capital in its target markets across several sub-sectors. Investments include Avla in Latin America, DD360 in Mexico, and Oxyzo and Vastu Housing in India.

As of Sept. 30, 2022, Creation had more than $1.8 billion in assets under management.