New York, NY (PRWEB) October 25, 2011
Acumen Fund’s Board of Directors includes representatives from across the geographies where Acumen Fund is active and represents leaders from the worlds of philanthropy, business, social change, investing and media.
“Pat, Ken, and Thulasiraj bring a wealth of expertise and experience that will help Acumen Fund continue to expand geographically, to build a truly global community and to create a world in which all people have access to critical goods and services necessary to live a life of dignity and choice,” said Jacqueline Novogratz, CEO, Acumen Fund. “The value of their guidance, insight and perspective is immeasurable, and we are deeply honored to have them join the diverse group of directors on the Acumen Fund board.”
On November 9 and 10 in New York City, the Board will gather with the Acumen Fund global community for the annual Investor Gathering to reflect on lessons from the last ten years, share a vision for the future and celebrate a decade of innovation for social change. Since its founding in 2001, Acumen Fund has cumulatively invested over $68.5 million in patient capital—investments made in early-stage enterprises, often including management support, with a payback or exit in several years—in 63 transformative businesses that provide access to water, health, energy, housing and agricultural services to low-income customers.
About Acumen Fund
Acumen Fund is working to create a world beyond poverty by investing in social enterprises, emerging leaders and breakthrough ideas. We invest patient capital in business models that deliver critical, affordable goods and services to the world’s poor, improving the lives of millions. Since its founding in 2001, Acumen Fund has invested more than $60 million in enterprises that provide access to water, health, energy, housing and agricultural services to low-income customers in South Asia and East Africa. And we are building a global community of emerging leaders that believe in creating a more inclusive world through the tools of both business and philanthropy.