Creation Investments Capital Management, LLC

What Creation Investments Capital Management, LLC does

Creation Investments Capital Management, LLC is a Chicago-headquartered, SEC-registered alternative investment manager founded in 2007 by Patrick Fisher and Ken Vander Weele, operating as a dedicated impact investor in emerging market financial services. The firm manages $1.6 billion in assets under management (as of December 31, 2024) across three core strategies: Private Equity (~$1.3B AUM) providing growth equity to financial services companies serving unbanked and underbanked populations; Private Credit (~$32.4M AUM) extending direct lending to NBFCs in India and other emerging markets; and Co-Investments (~$472.4M AUM) deployed alongside portfolio companies. The firm reports that its investments reach approximately 60 million unbanked or underbanked clients, with a portfolio of more than 40 companies spanning India, Mexico, Peru, Brazil, and other developing markets, and has closed five impact funds plus the Impact Credit Fund II (final close January 2026).

The firm maintains on-the-ground investment teams in Chicago (headquarters), Bangalore (India regional HQ), Mexico City, and Dallas, enabling proprietary deal sourcing, local due diligence, and active portfolio governance. Its technology stack centers on a proprietary impact measurement framework built on the IRIS+ taxonomy developed by the Global Impact Investing Network, requiring portfolio companies to report on 140+ qualitative and quantitative metrics (97% reporting compliance) mapped to the UN Sustainable Development Goals. Leadership and investment professionals are drawn from Morgan Stanley, Goldman Sachs, Houlihan Lokey, Barclays, and direct microfinance operating experience.

The firm generates revenue through traditional alternative asset management economics: management fees and performance-based carried interest on its private equity, private credit, and co-investment funds, distributed exclusively via private placement to qualified institutional investors and accessed through an LP portal (Atom Invest). Distribution is institutional and direct, with deal sourcing through proprietary industry networks, investment brokers, inbound inquiries, and direct relationships. The firm also operates the Creation Investments Foundation, a 2019-established nonprofit affiliate that deploys donor capital alongside investment capital to augment the poverty-alleviation mission.

Name

Creation Investments Capital Management, LLC

Legal name

Creation Investments Capital Management, LLC

Website

http://creationinvestments.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Creation Investments Capital Management is a Chicago-headquartered, SEC-registered impact investment manager founded in 2007 that deploys private equity, private credit, and co-investments into financial services companies serving unbanked and underbanked populations across emerging markets, managing $1.6 billion in AUM across more than 40 portfolio companies.

Ownership category

akta.pro rank

Product category

Impact Investment Management

NAICS

All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Services / Fintech Growth Equity (FSANACAE)

akta.pro secondary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

Keywords

• Impact investment management
• Private equity funds
• Private credit lending
• Financial inclusion investing
• Emerging market investments

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Private Equity Fund Management: Management fees and performance-based carried interest from private equity funds investing in emerging market financial services companies. Fifth impact fund closed with more than $270 million in capital commitments in December 2022.
2. Private Credit Fund Management: Management fees and carried interest from direct lending funds to NBFCs and financial institutions in India. Impact Credit Fund II announced final close in January 2026.
3. Co-Investment Management: $472.4 million AUM in co-investments alongside portfolio companies, generating management and performance fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Creation Investments Capital Management manages private equity and private credit funds that invest in financial services companies serving unbanked and underbanked populations across emerging markets. The firm deploys growth equity and direct lending capital into microfinance institutions, SME lenders, housing finance, payments, insurance, and fintech companies, with $1.6 billion in total assets under management across more than 40 portfolio investments.

Product overview

Creation Investments Capital Management operates as an impact investment management platform offering three core investment strategies: Private Equity ($1.3 billion AUM) for growth equity in financial services companies serving the unbanked, Private Credit ($32.4 million AUM) for direct lending to NBFCs in India, and Co-Investments ($472.4 million AUM). The platform manages $1.6 billion in total assets across emerging markets, with a portfolio of over 40 companies spanning India, Latin America, and other developing regions. The investment focus areas include microfinance, SME lending, housing finance, vehicle finance, payments, fintech, insurance, and agricultural finance. The firm also operates the Creation Investments Foundation for donor capital deployment. Active Private Equity portfolio includes Agrolend, Avla, Caja Los Andes, DD360, Eko, Fusion Finance, Muthoot Microfin, OfBusiness, Oxyzo, Plus Corp, Progcap, SLCM, Vastu Housing Finance, Vivriti Capital, and Yubi. Active Private Credit portfolio includes Amrit Malwa Capital, Aye Finance, Branch International, Dvara KGFS, Kanakadurga Finance Limited, Midland Microfin, Satya MicroCapital, SAVE Solutions, Sindhuja, and Varashakti Housing Finance.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Fund Strategy Growth equity and strategic investment approach focused on financial services companies serving unbanked and underbanked populations in emerging markets, with $1.3 billion AUM. Sold to qualified institutional investors via private placement.
• Private Credit Fund Strategy Direct lending to NBFCs in India and other emerging markets, focusing on underserved lower-middle market segments, with $32.4 million AUM. Sold to qualified institutional investors via private placement.
• Co-Investment Opportunities Co-investment opportunities offered alongside the firm's private equity and credit investments, with $472.4 million AUM. Sold to qualified institutional investors via private placement.
• Creation Investments Foundation Donor capital foundation founded in 2019 to augment Creation Investments' mission of alleviating poverty through for-profit investments in financial institutions serving the unbanked.

Quantifiable outcome

• 60 million unbanked/underbanked clients served
• +2 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• LeapFrog Investments: Profit-with-purpose PE firm investing in financial services and healthcare across emerging markets, primarily in Asia and Africa. Closest comparable to Creation's financial-inclusion impact PE strategy with comparable AUM scale and regional focus.
• responsAbility Investments AG: Swiss impact investment manager investing in emerging-market financial inclusion via private debt and equity. Directly comparable in mandate (financial services for the underserved), geographic mix, and dual PE/credit platform.
• BlueOrchard Finance: Leading impact investment manager focused on microfinance and SME finance in emerging markets. Highly comparable in financial-inclusion focus, fund structure, and emerging-market credit/equity offerings.
• Incofin Investment Management: Belgium-based impact investment manager focused on financial inclusion and smallholder finance in emerging markets. Direct peer in microfinance PE/credit, with comparable portfolio and LP base.
• Lok Capital: India-focused impact investment firm investing in financial services and livelihoods for BoP. Highly comparable in India-centric financial-inclusion mandate and PE/venture approach.
• Accion Frontier Inclusion Fund: Accion's PE fund investing in financial-services companies serving the underbanked across emerging markets. Directly comparable financial-inclusion PE thesis and emerging-market geographic mix.
• Aavishkaar Capital: India and emerging-market impact investment firm managing multiple funds across financial inclusion, agriculture, and livelihoods. Comparable in scale, India focus, and BoP financial-services mandate.
• TriLinc Global Impact Fund: Impact-investing fund manager providing private debt and equity to SMEs in emerging and frontier markets. Comparable in dual PE/credit platform and emerging-market financial-inclusion focus.

Broad incumbents

• FMO (Dutch Entrepreneurial Development Bank): Large Dutch development finance institution investing in financial services across emerging markets via PE, debt, and guarantees. Comparable in financial-inclusion mandate though operates at far larger scale as a DFI.
• International Finance Corporation (IFC): World Bank Group's private-sector arm investing in financial inclusion and emerging-market financial services via PE, debt, and blended finance. Competes for similar portfolio companies and LP-aligned capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/creationinvestments

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments46 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Creation Investments Capital Management, LLC