Azure Global Microfinance Fund
Last updated 12 May 2020, by Impactyield.
Azure Global Microfinance Fund is the first fund of funds managed by professionals who came from the Microfinance industry.
It is an ideal investment solution to increase exposure to a growing asset class, as it combines an active portfolio management, a large geographical diversification with vast social impact. It gives access to a wide range of microfinance investment funds: smaller innovative funds, regional funds and secondary market opportunities.
It selects the best funds in the microfinance field, achieving a meaningful social and a credible financial return, offering a monthly liquidity. The fund invests 80% of its assets in Debt Funds lending money to microfinance institutions and 20% in Private Equity funds.
Eligible for qualified investors except for US or US-domicilied persons.
The fund aims to deliver a 4% - 6% net return per year in USD.
Monthly fund reports can be find @ http://www.azure-partners.com/azure-global-microfinance-fund
of track record
the year funded
Azure Partners SA
Headquarters location: Switzerland
Other funds managed by this asset manager: Azure Microfinance Private Equity Fund of Funds
Key performance indicators
Asset manager: Azure Partners SA
Product track record: Fund has 12 years of track record
Target IRR: 5.5%
Committed Capital: 7,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - post first close
Inception year: 2011
Vintage year: 2011
Target region: Emerging countries
Target close date: n.a.
Product term: Open-ended fund, monthly liquidity
Assets under management: 300,000,000 USD (US Dollar)
Investment size: Min: 1,000; Max: 0; Avg: 0
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 8
Fund investments to date exited or repaid: 0
Management fee: 1.2%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Pension Funds, Other Institutional Investors, Retail Investors
Phone number: 41223617189.00
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Co-founder and CEO
Azure Partners has developed its own social performance measurement tool that evaluates the relevance of the social performance measurement (SPM) tools used by the funds and compares their social due-diligence methodology. This process is meant to assess social performance but does not override economic or risk based analysis.
AZURE PARTNERS SOCIAL PERFORMANCE MEASUREMENT TOOL
The tool encompasses 31 questions that are grouped into 3 main dimensions and 19 sub-categories:
- the first dimension assesses the Fund Manager governance and social performance policy;
- the second and third dimensions evaluates the Fund’s social objectives and strategy and the quality of its social due-diligence process.
The following criteria are used to assess the social performance strategy and social due diligence process of the underlying funds. A grade from 0 to 3 is assigned to each sub-category that leads to a final social rating score. Each underlying fund obtains a social rating score.
Bottom/Base of the PyramidMinorities/Previously Excluded PopulationsRuralUrbanWomen