Global impact investing firm Capria has reached a first close for Capria Fund, a “network fund” that will make commitments to Capria-affiliated fund managers investing in early-growth businesses in Africa, Asia and Latin America. Vulcan Capital, the investment arm of late Microsoft co-founder Paul Allen, committed US$20 million to the fund. Other new investors in the fund include Omidyar Network, Ford Foundation and Resonance Impact Fund. Capria Fund previously received commitments from Bill Gates, IFC and family offices and foundations such as Ceniarth, Sall Family Foundation and Sorenson Impact Foundation. The fund, which is targeting US$100 million in total commitments, has already invested in private capital vehicles managed by Mexico-focused Adobe Capital and Chile-focused Fen Ventures.