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Fund geography
Emerging countries (256) / Latin America and the Caribbean (38) / Caribbean (8)
The purpose of the Fund is to generate development impact and capital appreciation returns for investors by making investments in socially responsible small and medium sized companies in a variety of sectors in select low-income countries in Central America and other regions of Latin America.
Financial description
n.a.
13 years
of track record
2011
the year funded
n.a.
AUM
Interested in this fund?
Log in or create an account to request more information.
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
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Safe and affordable housing
Encourage companies to adopt sustainable practices and sustainability reporting
Sustainable food production and resilient agricultural practices
Promote policies to support job creation and growing enterprises
Increase access to financial services and markets
Key performance indicators
Fund overview
Asset manager: Dev Equity
Product track record: Fund has 13 years of track record
Target IRR: 8%
Committed Capital: 7,505,000 USD (US Dollar)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage:
Inception year: 2011
Vintage year: 2011
Target region: Caribbean, Emerging countries, Latin America and the Caribbean
Target close date: 01/06/2014
Product term: 10 Year Term
Assets under management: n.a.
Investment size: Min: 500,000; Max: 2,500,000; Avg: 1,250,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 6
Fund investments to date exited or repaid: 1
Management fee: 3.5%
Carried interest: 20%
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: 12 Limited Partners (Family Office/HNWI and Foundation) Overseas Private Investment Corporation
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office
Contact
E-mail: n.a.
Website: http://www.devequity.com
Phone number: 15203183810.00
If you wish to have your details removed from this database please email gdpr@impactyield.com
Forrest Metz
Managing Director
Impact Performance
n.a.
Impact thesis
Impact Management
n.a.