DAI Acquires International Asset Management Firm, MicroVest

DAI announced yesterday that it has acquired MicroVest Capital Management (“MicroVest”), one of the world’s leading lenders to responsible finance institutions—an acquisition that will expand the capabilities of DAI’s investment management arm, DAI Capital.

Founded in 2003, MicroVest is a registered investment adviser that allocates private investments to financial institutions that serve disadvantaged and underbanked enterprises in emerging markets. The company has disbursed more than $1 billion to some 200 financial institutions across 60 countries to help create economic opportunities and facilitate financial inclusion.