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.
Fund geography
Emerging countries (256) / Africa (127) / Eastern Africa (50) / Kenya (12)
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.
Asset class
Fund status
Fund style
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.
6 years
of track record
2018
the year funded
30,000,000 EUR
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
AlphaMundi Group
Headquarters location: Switzerland
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 6 years of track record
Target IRR: 6%
Committed Capital: 0 EUR (Euro)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Switzerland
Product status: Open - committed capital
Style/Stage: Early Stage, Growth Stage, Late Stage
Inception year: 2018
Vintage year: 2018
Target region: Africa, Eastern Africa, Emerging countries, Kenya
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: Only with LPs
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
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
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.