Acumen Fund exists to help end poverty by changing how the world addresses it. We do this in two ways: we invest patient capital to identify, strengthen and scale business models that effectively serve the poor, and we champion and spread this approach as an effective complement to traditional aid, which can create dependence, or pure market approaches, which can bypass the actual needs of the poor.
We raise philanthropic capital and invest in enterprises that provide critical goods and services - health, housing, water, energy and agricultural inputs – at affordable prices to low-income customers in India, Pakistan and East Africa. Since 2001, Acumen Fund has grown from one office in New York City to a global organization with offices in India, Pakistan and Kenya. To date, we have invested $40 million in 44 enterprises that have impacted the lives of 30 million people. (More at: www.acumenfund.org).
Acumen Fund India
First established in January 2006, Acumen Fund’s India office has grown to 10 professionals managing a portfolio of approximately $20 million in investments in enterprises that serve the poor. Our goal in 2010 is to grow the portfolio to $25 million in investments and focus on the management assistance support we provide our investments
Position Description : India Portfolio Associate
The India Portfolio Associate plays an integral role across portfolios by assisting India’s Portfolio Team to identify prospective investments, conduct due diligence, prepare investment memos and term sheets, and provide ongoing management and technical assistance for the existing active investments.
The Portfolio Associate also works to provide support to core investment processes, like maintenance of the portfolio database, coordination with the finance and legal teams, and recruitment of interns and pro-bono support. The Portfolio Associate will report to the India Director. In addition to supporting the portfolio, the associate has an overall responsibility to contribute to the objectives of Acumen Fund by participating in marketing, fundraising and communications activities.
Position Description : India Portfolio & Operations Manager
The hire will be firstly responsible for supporting all portfolio work in India, including current investments and the development of future investments in our sectors of focus and secondly for managing compliance and operations of the Acumen Fund India office. S/he will also be expected to play a significant role globally, helping to build our existing expertise in the sectors for which s/he has experience
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