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Bamboo Financial Inclusion Fund II
Luxembourg
Last updated 12 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Africa (127) / Middle Africa (17)
The Bamboo Financial Inclusion Fund II makes equity and quasi-equity investments in financial institutions that contribute to increased financial inclusion of unbanked populations in Africa, the Middle East, Asia and Latin America.
Bamboo Finance, one of the pioneers in impact investing with $280 million under management in three current funds, focuses on companies with proven success and a social mission track record. Our successful fund management approach is based on taking active governance roles and working closely with co-investors, technical assistance providers and other sector participants to contribute to the development of our partner institutions.
Asset class
Fund status
Fund style
Financial description
The fund targets attractive financial returns while at the same time providing significant social impact to individuals and communities in frontier markets.
Geographic Spread: Diversified portfolio in frontier markets in: Africa, the Middle East, Asia and Latin America
Sector: Microfinance and SME banks as well as new distribution channels
Investment Size: Average investment size of 10M$ over lifetime of investment
Instruments: Equity
Positions: Significant minority positions with board seat and minority rights
Exit Strategy: Trade sale, IPO or management buyout
Exposure Limits: Maximum deal exposure 20%; maximum country and currency exposure of 20%
9 years
of track record
2015
the year funded
200,000,000 USD
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
Bamboo Finance
Headquarters location: Luxembourg
Other funds managed by this asset manager: Oasis Fund
Impact Category
Key performance indicators
Fund overview
Asset manager: Bamboo Finance
Product track record: Fund has 9 years of track record
Target IRR: 20%
Committed Capital: 31,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - committed capital
Style/Stage: Growth Stage
Inception year: 2015
Vintage year: 2015
Target region: Africa, Emerging countries, Middle Africa
Target close date: 01/06/2016
Product term: 10 year +2
Assets under management: 200,000,000 USD (US Dollar)
Investment size: Min: 6,000,000; Max: 10,000,000; Avg: 8,000,000
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: Anchor investors include Teachers Insurance and Annuity Association of America (TIAA-‐CREF) and AXA-‐IM
Limited Partner / Investor Type: Other Institutional Investors
Contact
E-mail: n.a.
Website: http://www.bamboofinance.com
Phone number: +41 (0) 22 596 4759
If you wish to have your details removed from this database please email gdpr@impactyield.com
Jean Philippe de Schrevel
Chief Executive Officer
Xavier Pierluca
Chief Investment Officer
Impact Performance
n.a.
Impact thesis
The Bamboo Financial Inclusion Fund II is a private equity fund investing in financial services companies such as microfinance and SME banks as well as mobile money operators, correspondent banking businesses and micro-insurance companies in Africa, the Middle East, Asia and Latin America.
Bamboo Finance, one of the pioneers in impact investing with $280 million under management in three current funds, focuses on companies with proven success and a social mission track record. Our successful fund management approach is based on taking active governance roles and working closely with co-investors, technical assistance providers and other sector participants to contribute to the development of our partner institutions.
BFIF II offers attractive returns (fund target IRR of 20%) while also providing significant social value (through job creation and MSME development).
Impact Management
n.a.