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.
Global Partnerships Microfinance Fund 2005
United States of America
Last updated 13 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Latin America and the Caribbean (38) / Central America (15) / El Salvador (5)
Microfinance Fund 2005 (MFF 2005) is a $2 million fund providing growth capital to nine Central American microfinance institutions (MFIs) in four countries. The fund targeted social enterprise MFIs that reinvested profits in support of their social mission. The fund repaid investors 100% on time and in full/early on June 30, 2010.
Financial description
Microfinance Fund 2005 is a tranche-structured fund with risk absorbed from the bottom-up; the fund consists of an equity layer (10% of fund size), Subordinated Notes (10% of fund size) and Senior Notes (80% of fund size). Five year fund, interest paid quarterly, principal paid over eight equal payments over final two years of the fund.
19 years
of track record
2005
the year funded
2,000,000 USD
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
Global Partnerships
Headquarters location: United States of America
Other funds managed by this asset manager: Global Partnerships Social Investment Fund 6.0Global Partnerships Microfinance Fund 2006Global Partnerships Microfinance Fund 2008Global Partnerships Social Investment Fund 2010Global Partnerships Social Investment Fund 5.0
Key performance indicators
Fund overview
Asset manager: Global Partnerships
Product track record: Fund has 19 years of track record
Target IRR: 5.3%
Committed Capital: 2,000,000 USD (US Dollar)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Completed
Style/Stage:
Inception year: 2005
Vintage year: 2005
Target region: Central America, El Salvador, Emerging countries, Latin America and the Caribbean
Target close date: n.a.
Product term: 5 year term
Assets under management: 2,000,000 USD (US Dollar)
Investment size: Min: 70,000; Max: 500,000; Avg: 300,000
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 9
Fund investments to date exited or repaid: 9
Management fee: 1%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors
Contact
E-mail: info@globalpartnerships.org klevin@globalpartnerships.org
Website: http://www.globalpartnerships.org/sections/aboutus/aboutus_sourcesofcapital.htm
Phone number: 206-456-7832
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
Microfinance Fund 2005 selected microfinance institutions (MFIs) who share Global Partnerships' commitment to social impact. The fund invested in rapidly growing microfinance institutions who reach poor clients in underserved communities. Clients served by MFIs in the fund's portfolio are 41% rural-based and 78% women.
Impact Management
n.a.