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responsAbility SICAV (Lux) Micro and SME Finance Leaders
Luxembourg
Last updated 11 May 2020, by Impactyield.
Fund geography
responsAbility SICAV (Lux) Micro and SME Finance Leaders has been active since 2006 and invests in the global micro, small and medium-sized enterprise (MSME) finance sector. The fund aims to close funding gaps for local MSME financial institutions. The fund holds both debt securities and makes equity investments. This combination not only releases additional potential for increases in value but also improves diversification at country level, since certain regions and institutions can only be reached via private equity.
Asset class
Fund status
Fund style
Not listed
Financial description
Broadly diversified, responsAbility Microfinance Leadersi Fund either invests directly in MFIs or indirectly through institutions or investment products, which in turn, invest in MFIs. Most of the fund portfolio comprises variable or fixed-interest debt securities with short to medium terms to maturity. In addition, the fund can acquire an equity stake of up to 25% in the MFI. Long-term goals are positive value growth and low fluctuations in returns. Swiss franc and Euro investments are hedged against the US dollar.
18 years
of track record
2006
the year funded
170,000,000 USD
AUM
Interested in this fund?
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Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
responsAbility Investments
Headquarters location: Switzerland
Other funds managed by this asset manager: responsAbility Fair Agriculture FundresponsAbility Micro and SME Finance FundresponsAbility SICAV (Lux) Mikro- und KMU-Finanz-Fonds
Impact Category
Key performance indicators
Fund overview
Asset manager: responsAbility Investments
Product track record: Fund has 18 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - post first close
Style/Stage:
Inception year: 2006
Vintage year: 2006
Target region: Africa, Emerging countries
Target close date: n.a.
Product term: n/a
Assets under management: 170,000,000 USD (US Dollar)
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 152
Fund investments to date exited or repaid: 0
Management fee: 1.4%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: n.a.
Website: http://www.responsability.com/investing/en/1061/responsAbility-SICAV-Lux-Microfi...
Phone number: +41 44 250 99 30
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Sabine Fellman
Product Manager
Impact Performance
n.a.
Impact thesis
responsibility Microfinance Leaders invests in microfinance institutions in developing countries and emerging markets that provide affordable financial services to micro-entrepreneurs and people from low-income households. These savings facilities and loans strengthen financial independence. They also give wide sections of the population the opportunity to pursue a business activity, thus opening new prospects.
To a limited extent the fund also invests in fair trade and focuses particularly on established organizations along the entire agricultural value chain.
Key benefits to society include:
-Access to development-related financial services
-Enabling micro and small enterprises to exploit opportunities for growth
-Improved living standards
Impact Management
n.a.