AlphaJiri

Switzerland

Last updated 11 May 2020, by Impactyield.

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AlphaJiri will be the second impact fund of AlphaMundi Group, and will provide debt, mezzanine and equity capital to early- and growth-stage impact businesses with strong scale potential in Sub-Saharan Africa, with an emphasis on renewable energy access for the peri-urban and rural poor, and fair-trade agriculture for smallholder farmers. GIIRS Pioneer. Target IRR 5-7%, impact 1M+ direct beneficiaries. Currently in formation, targets first close with EUR20M+ in 2018, open-ended.



Financial description

The investment objective of the Fund is to invest into unlisted small and medium enterprises (“SMEs”) contributing to energy access and fair-trade agriculture. The Fund will rely on the combined field presence, technical expertise and investment experience of AlphaMundi. SMEs will be targeted because they lack access to growth capital and private sector funding, a phenomenon known as the “Missing Middle”, and because they usually constitute a larger lever for sustainable development impact per dollar invested than larger companies. At least 50% of Fund assets will be invested in convertible debt and equity. Senior debt may compose up to 50% of the Fund portfolio. The Fund will facilitate co-investments from its LPs.

4 years

of track record

2018

the year funded

30,000,000 EUR

AUM

Asset manager

AlphaMundi Group

Website

Headquarters location:

Other funds managed by this asset manager: SocialAlpha-Bastion

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Encourage companies to adopt sustainable practices and sustainability reporting

Universal access to safe and nutritious food

Sustainable food production and resilient agricultural practices

Universal access to modern energy

Increase global percentage of renewable energy

Double the improvement in energy efficiency

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: AlphaMundi Group

Product track record: Fund has 4 years of track record

Target IRR: 6%

Committed Capital: 0 EUR (Euro)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2018

Vintage year: 2018

Target region: , , ,

Target close date: 01/06/2018

Product term: open-ended

Assets under management: 30,000,000 EUR (Euro)

Investment size: Min: 500,000; Max: 3,000,000; Avg: 2,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: 4.5%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: European private bank as anchor investor

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.alphamundi.ch

Phone number: +41 78 601 9777

If you wish to have your details removed from this database please email gdpr@impactyield.com


Lisa Scheible Willems

Managing Director

Tim Radjy

Managing Partner

Impact Performance

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n.a.

Impact thesis

AlphaJiri will monitor social, economic and environmental impact on a quarterly basis, and provide reporting on an annual basis. Targeting a GIIRS 4-Star Fund Impact Rating, the Fund expects the following results:
- Sustainably improving the lives of 1m+ working poor
- Direct funding of 8-12 ventures at a time, and 1,000+ additional jobs
- Significant leverage on invested capital: EUR 1 invested to catalyze EUR 3 in additional investments

Impact Management

n.a.

Financial benchmark

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