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Elizabeth Davidson joins Kresge as social investment portfolio manager

General Foundation News, Social Investment Practice

The Kresge Foundation welcomed Elizabeth Davidson to its staff on Monday. She joins the Social Investment Practice as a portfolio manager.

In this role, Davidson will help manage the portfolio of 80 active impact investing transactions and about $340 million in active commitments, which includes loans, equity, deposits and guarantees.

Davidson most recently worked as an associate focused on innovation and growth strategy with Innosight, a Massachusetts-based company, and also previously served as portfolio manager of the microlender Kiva in Kenya, as impact manager for a solar power start-up in Tanzania, and as a consultant at the World Bank. She holds a bachelor of art from the College of William and Mary and a master of business administration from the Yale School of Management.

“To manage our social investment portfolio successfully, we need people with a combination of program, administration, and a dash of endowment knowledge,” said Portfolio Director and Social Investment Officer Joe Evans. “We’re so lucky to have found Elizabeth for this role. She did very similar work in a sub-Saharan African setting with Kiva, managing investments in microlending and pursuing programmatic goals while exercising sound investment management. We’re so happy to add her to our team.”

“I’m honored to be able to continue the incredible work of the Social Investment Practice at Kresge,” Davidson said. “I’ve worked with foundations in different capacities throughout my career, and Kresge comes up again and again with such positive sentiment. It is doing such interesting and exciting work in impact investing. It’s a remarkable legacy to have and a remarkable team to join.”

Follow the Social Investment Practice on Twitter @kresgesocinv.