Azure Global Microfinance Fund


Last updated 12 May 2020, by Impactyield.

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Fund geography

Emerging countries (256)

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.

Fund style

Not listed

Financial description

The fund aims to deliver a 4% - 6% net return per year in USD.
Monthly fund reports can be find @

12 years

of track record


the year funded

300,000,000 USD


Asset manager

Azure Partners SA


Headquarters location:

Other funds managed by this asset manager: Azure Microfinance Private Equity Fund of Funds

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase access to financial services and markets

Key performance indicators

Fund overview

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:

Product status:


Inception year: 2011

Vintage year: 2011

Target region:

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

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

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

If you wish to have your details removed from this database please email

Gregoire Lecomte

Investment Manager

Vincent Oswald

Co-founder and CEO

Impact Performance


Impact thesis

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.
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.

Impact Management


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