Caroline Vance

Board Member

Caroline Vance has spent most of her career managing impact investment funds focused on improving access to basic services to low income communities in the developing world.  Twelve years of that time was spent at Deutsche Bank and DWS, the bank’s asset management firm, where she was most recently a Director on the Sustainable Investments team, which was mandated to create and manage private debt and equity funds with social and environmental outcomes associated with them.   

As a portfolio and investment manager, she has originated and managed loans to microfinance institutions and social enterprises, particularly those operating in health, energy access, and alternative financial services, and she has structured and launched funds, with ongoing responsibility for the portfolios.  In addition, she has developed and implemented impact management frameworks to deliver on the funds’ impact theses. 

Caroline started her career in investment banking at Lehman Brothers.  She received her BA from Williams College and an MA in International Affairs from the George Washington University, and she is a term member of the Council on Foreign Relations. 

She is proud to have been a founding Board member of Upaya Social Ventures, and she was thrilled to return to the Board for a second run in 2020.