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Fund geography
The investment objective of the ALTERRA Sub-Fund is to provide shareholders of each Class with a blended return including realization of initial investment capital plus a reasonable annual financial yield and a clearly articulated and reportable social/environmental return on investment. The ALTERRA Sub-Fund will invest directly in commercial and social enterprises primarily in Europe, in particular established and unlisted small and medium sized (SMEs) companies through private equity investments or other securities, provided that similar minority protections are granted.
Alterra Impact Finance GmbH manages the Fund as a separate sub-fund of the SocialAlpha Investment Fund (SAIF) "umbrella fund", profiled elsewhere on ImpactBase.
Asset class
Fund status
Fund style
Not listed
Financial description
The ALTERRA Sub-Fund seeks to invest in socially responsible enterprises requiring expansion stage or replacement capital. Social enterprises may include commercial companies, hybrid companies (such as B Corporations or L3C companies (social/public benefit corporations), cooperatives or others, and will be selected on the basis of, inter alia, the following criteria: established operational track record over several years, financial profitability and growth perspectives, quality of products and services when compared to their peers, quality and stability of management team, development of human capital, soundness of governance structure, measurability of the social and/or environmental impact of their activities, responsible corporate behavior, consistency of corporate mission and its expression in the entire value chain, coherence of reporting, exit opportunities, country and sector, as well as alignment of vision between the aspirations and objectives of their main shareholders and those of the ALTERRA Sub-Fund.
The Fund aims to achieve a balanced return between "finance first" and "impact first" by investing in long-only opportunities that create a clear and positive social and/or environmental impact that can be articulated and evaluated/reported. The Investment Manager will use a detailed process to evaluate, verify and report the social and environmental impact of each investment.
Paid up shares will be issued in two classes, preferred and standard class shares.
13 years
of track record
2011
the year funded
50,000,000 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
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Encourage companies to adopt sustainable practices and sustainability reporting
Sustainable food production and resilient agricultural practices
Universal access to sexual and reproductive care, family planning and education
Safe and affordable drinking water
Promote policies to support job creation and growing enterprises
Increase access to financial services and markets
Impact Category
Key performance indicators
Fund overview
Asset manager: Alterra Impact Finance
Product track record: Fund has 13 years of track record
Target IRR: 8%
Committed Capital: 0 EUR (Euro)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - no committed capital
Style/Stage:
Inception year: 2011
Vintage year: n.a.
Target region: Developed countries, More developed regions
Target close date: 01/06/2013
Product term: 10 years +2x 2-yr ext
Assets under management: 50,000,000 EUR (Euro)
Investment size: Min: 400,000; Max: 1,000,000; Avg: 500,000
Co-investment policy:
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: 2.5%
Carried interest: 20%
Hurdle rate: 5% preferred class / 3% standard class%
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office
Contact
E-mail: info@alterrafund.com
Website: http://www.alterraimpactfinance.com/investment-approach/
Phone number: +41 44 283 60 25
If you wish to have your details removed from this database please email gdpr@impactyield.com
Cornelius Pietzner
Managing Director
Impact Performance
n.a.
Impact thesis
The ALTERRA Sub-Fund will invest in enterprises within Europe and in European companies that may have operations in non-‐European countries. The ALTERRA Sub-Fund will focus on specific sectors and themes. Essential to human prosperity, quality of life, welfare and human dignity are food, water and health. Without these three elements neither individuals, communities nor societies can function properly or thrive and grow. The absence of any of these primary elements is profoundly disruptive to a stable life, with severe negative impacts on both the individual and the larger community or society.
Therefore, the generally preferred investment sectors for the ALTERRA Sub-Fund are:
1) ecological/organic agriculture and food
2) medicine and therapies
3) water remediation technologies and processes
4) and, Lifestyles of Health and Sustainability (LOHAS) and responsible consumer goods.
Each of these sectors presents substantial and viable impact investment opportunities. Additionally, 10% of the carried interest (2% of returns in excess of hurdles) will be directed to The Alterra Foundation, is a Swiss charitable foundation formed in 2010. The purpose of the Alterra Foundation is, among other things, to support, promote and advance research, intellectual knowledge and partnership developments and trends in the field of social finance, and particularly in the area of social impact investment based on a new human-centered paradigm.
Impact Management
n.a.