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Fund geography
Emerging countries (256) / Latin America and the Caribbean (38) / Central America (15) / Mexico (9)
New Ventures (NV) is the leading platform that catalyzes social & environmental companies in Latin America through financing, acceleration and promotion.
Adobe Capital (AC) is NV’s financing arm. Through its funds, AC provides tailored financing solutions and technical assistance to exceptional, early-growth stage Mexican companies operating with competitive advantages in key development sectors where demand is high.
Adobe Mezzanine Fund II follows on the momentum of Fund I. As Fund I successfully did, Fund II will provide flexible financing – mainly through tailored mezzanine structures with pre- defined exits and upside participation – combined with technical assistance, to these companies.
Asset class
Fund status
Fund style
Financial description
The Fund will focus mainly on providing quasi-equity or mezzanine investments (ranging from US$500,000 to US$8 million) to high-impact social or environmental SMEs. The Fund’s investment structures will ensure pre-defined, debt-like exits, without foregoing any equity-like upside, while providing portfolio companies with capacity building and technical support to continue pursuing their deep social missions. In select cases, the Fund will also make more traditional equity investments.
8 years
of track record
2016
the year funded
40,000,000 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
Adobe Capital
Headquarters location: Mexico
Other funds managed by this asset manager: Adobe Social Mezzanine Fund I, LP
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
Universal access to sexual and reproductive care, family planning and education
Free primary and secondary education
Universal access to modern energy
Increase global percentage of renewable energy
Expand and upgrade energy services for developing countries
Impact Category
Key performance indicators
Fund overview
Asset manager: Adobe Capital
Product track record: Fund has 8 years of track record
Target IRR: 15%
Committed Capital: 3,800,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Mexico
Product status: Open - committed capital
Style/Stage: Early Stage, Growth Stage
Inception year: 2016
Vintage year: 2016
Target region: Central America, Emerging countries, Latin America and the Caribbean, Mexico
Target close date: 01/01/2017
Product term: 10 years
Assets under management: 40,000,000 USD (US Dollar)
Investment size: Min: 500,000; Max: 8,000,000; Avg: 3,000,000
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: 0
Fund investments to date exited or repaid: 0
Management fee: 2.5%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: Mexico Ventures
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: n.a.
Website: http://www.adobecapital.org
Phone number: 525556045555.00
If you wish to have your details removed from this database please email gdpr@impactyield.com
Miguel Duhalt
Partner
Impact Performance
n.a.
Impact thesis
As the leading impact investing and acceleration platform in Mexico, Adobe Capital seeks to support social and environmental enterprises that have significant potential to drive sustainable economic growth and innovation by pursuing triple bottom line returns focused on helping solve important global challenges such as poverty reduction and climate change.
Despite their impact potential, these enterprises face significant constraints in accessing capital. The Fund will thus invest in Mexican social and environmental enterprises that have adopted innovative business models focused on key development sectors such as healthcare, education, affordable housing, alternative energy and sustainable consumer products.
Impact Management
n.a.