The money will be put into the new $100m Capria Fund.

International Finance Corporation, the investment arm of the World Bank, has this week unveiled plans to put $13m into the new $100m Capria Fund – a network fund that focuses on impact fund managers in emerging markets.

Will Poole, co-founder and managing partner of Seattle-based Capria said: “Capria’s continued engagement with IFC shows that we are on the right path and addressing some of the most pressing issues in profitable capital deployment in emerging markets.

“We will soon be able to announce a number of other leading family office and foundation investors joining our second Capria Fund, similar to how we worked with Jim Sorenson, Sall Family Foundation, Bill Gates, Mohandas Pai, Ceniarth, and others who supported Capria’s first fund.”