Skip to main content

DWM Advises on Largest Microfinance Private Placement

September 19, 2006 – Developing World Markets (DWM) has advised a microfinance company on the largest ever private placement of equity in the microfinance industry. See press release in which TIAA-CREF, one of the largest pension funds in the U.S., announces a $43 million investment in the equity of ProCredit Holding, A.G., the world's largest integrated microfinance holding company. DWM advised ProCredit.

DWM Partner Peter Johnson said, "DWM is proud to have brought together two institutions that are leaders in their field. ProCredit will expand its business, enabling small scale entrepreneurs in low-income countries to build viable enterprises and create employment while, through its investment in ProCredit, TIAA-CREF is fulfilling its mission of providing financial services for the greater good."

For further information: Simone Balch, 203 655 5453, simone@dwmarkets.com