Paul DiLeo has joined the board of CII.
CII (Caspian Impact Investments) is a four year old debt fund serving India’s burgeoning impact businesses. The USD 40million fund launched and managed by Grassroots’ Indian partner, Caspian Impact Advisors, has made loans to over 70 companies in sectors including sustainable agriculture, health care, small business finance, clean energy, financial inclusion and other impact sectors. Grassroots has been supporting the fund since inception: Anna Kanze sits on the Credit Committee and Grassroots is a majority shareholder and sits on the board of a feeder fund. CII is the leader in filling the debt financing gap facing Indian impact businesses that have established and tested business models but cannot yet reliably access growth funding from other sources. A companion equity fund is to be launched shortly.