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Advanced Practices in Gender Lens Investing

African fund managers who are quietly reshaping investment systems while running disciplined, high-performing funds.

A case study series by Criterion Institute Advanced Practice framework

Introducing Advanced Practice

Recognizing fund managers already shifting power

Financial systems are not neutral; they are shaped by choices and practices that either reinforce or dismantle systemic inequities. Advancing gender equality through finance takes more than moving capital. It means addressing how power, privilege, and bias operate in financial systems.

Criterion Institute’s system of Advanced Practice makes these shifts visible and replicable, turning isolated innovations into models that asset owners, investors, and policymakers can demand and adopt. It rests on four interconnected principles.

Will to Act

Create change in their own organization and demand it of investees.

Integrity

Align behavior and goals, and address power dynamics consistently.

Accountability

Allow scrutiny and be transparent in the assumptions that drive analysis.

Inclusion

Honor diverse voices and expand who holds decision-making power.

The case studies

A case study for advanced practices
Sahel Capital

Market-rooted gender intentionality

Elevating market-level analysis to shift power in agricultural finance. Sahel begins every investment with value-chain power dynamics – who sets prices, who absorbs risk, who is excluded – treating gendered market realities as material to risk and return, not firm-level blame.

$27.5M
Deployed · SEFAA
19
Enterprises · 8 countries
40%
Women smallholders
6,465
Jobs supported
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A case study for advanced practices
FrontEnd Ventures

Embedding gender throughout thesis design

A Kenya-focused VC fund that builds gender and power analysis into the core of its thesis – anchoring on safety, productivity, and well-being, and prioritizing locally-rooted founders – so gender becomes analytical rigor, not a compliance overlay.

$1.6M
Deployed
14
Portfolio companies
420+
Deals reviewed, 2025
241
Direct jobs
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A case study for advanced practices
Inua Capital

Gender intentionality by design

Uganda’s first resident, women-led gender lens private equity fund. Inua reframes governance as a power-shifting engine – board-level ESG oversight, named gender leads, recusal protocols, and contractual action plans that extend accountability across the investment chain.

24%
Job growth, year one
255%
More formal contracts
58%
Women board seats
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Why these practices matter

These fund managers show that integrating power and gender analysis into the core of investment decision-making is not a trade-off against performance: it is a driver of more durable, more inclusive outcomes. Documented through Criterion Institute’s Advanced Practice framework, the series makes visible what excellence in investing can look like.