MicroVest is pleased to announce that it is moving under the umbrella of its parent company DAI’s asset management business, and will now be known as DAI Asset Management. This long-planned rebrand marks the culmination of a successful integration with DAI Global, a leading global development company, that acquired MicroVest in 2021.
“We are delighted to formally align with DAI’s brand and its 50-year record of global development expertise,” said DAI Asset Management CEO Michael Apel. “As a wholly owned subsidiary of DAI, DAI Asset Management proudly brings our expertise in purposeful investing to our parent company’s broader mission of shaping a more livable world.”
“This is a natural next step for our business,” said DAI CEO Jim Boomgard. “We are looking forward to our asset management team’s continued growth and innovation through the development of new products and strategies to address critical social challenges, whether that be tackling climate change and biodiversity loss or finding new ways to drive economic dynamism in emerging economies.”
DAI Asset Management specializes in allocating private debt capital to financial institutions and businesses in emerging markets. Skilled in designing and implementing high-impact thematic investment strategies, meeting unmet capital needs, and providing emerging markets exposure for investors, the company typically loans funds to responsible financial institutions that in turn extend finance to micro, small, and medium-sized enterprises in emerging markets—companies that make up the bulk of employment in those economies.
Over some 20 years, DAI Asset Management—a certified B-Corp—has invested in more than 60 countries, disbursing $1.7 billion to support financial inclusion.
DAI Asset Management is wholly owned by DAI Global, a global development company that works alongside national and local governments, bilateral and multilateral donors, private corporations, investors, and philanthropies to deliver technically advanced development solutions to shape a more livable world.
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