MicroVest Capital Management Announces the Closing of a $20mm Credit Facility with MetLife Investment Management

Date: 
01 Nov 2018
Source: 
MicroVest

MicroVest, a global impact investing asset management firm with $368 assets under management (AUM), yesterday announced the closing of a $20 million, five-year revolving credit facility with MetLife Investment Management to provide a redemption line to their flagship impact investment fund. The credit facility will serve as a secondary source of liquidity for Limited Partners. The partnership will enable both organizations to increase their commitment to deep impact through financial inclusion. This investment represents MetLife Investment Management’s largest community investment to date.

The credit line enables MicroVest to better manage liquidity of the fund to deploy more capital, more quickly, to the places that need it the most. Per MicroVest’s stated mission, these are often microfinance institutions in emerging and frontier markets that have few other means of accessing capital to promote financial inclusion within their markets.

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