Bellwether Microfinance Fund Private Limited
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Asia (67) / Southern Asia (30) / India (25)
Bellwether, launched in 2005, is an Indian on-shore equity and debt fund that invests in start-up and mid-sized Indian microfinance institutions.
Bellwether's objectives include to:
1. Accelerate capital flow to the microfinance sector through a wide range of advisory and facilitation services
2. Enable financially viable MFIs to scale up their operations and/or transform themselves in to responsible, regulated entities
3. Contribute significantly to an increased access to financial services of under-served groups across India irrespective of creed, caste, or gender
4. Deliver a competitive financial return along with a significant social return to its investors
Bellwether's AUM is Rs 800 Mn (~USD 17 Mn). It is incorporated as a private limited company and is registered with the Reserve Bank of India as a Non-Banking Finance Company (NBFC). Bellwether provides equity and quasi equity capital to its portfolio companies.
of track record
the year funded
Caspian Advisors Private Limited
Headquarters location: India
Other funds managed by this asset manager: CASPIAN SME IMPACT FUND IVIndia Financial Inclusion Fund
Key performance indicators
Asset manager: Caspian Advisors Private Limited
Product track record: Fund has 18 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: India
Product status: Closed - no longer investing
Style/Stage: Angel Stage, Early Stage, Growth Stage
Inception year: 2005
Vintage year: 2005
Target region: Asia, Emerging countries, India, Southern Asia
Target close date: n.a.
Product term: 10 Years
Assets under management: 1,000,000,000 INR (Indian Rupee)
Investment size: Min: 10,000,000; Max: 120,000,000; Avg: 62,500,000
Currency of investments: INR (Indian Rupee)
Currency for fund / product figures: INR (Indian Rupee)
Fund investments to date: 16
Fund investments to date exited or repaid: 3
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Other Institutional Investors
Phone number: 66297100.00
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Caspian has been working closely with Investees on pursuing and developing appropriate Social Reporting and Management practices within their respective institutions. Through its active engagement, Caspian continuously encourages socially and environmentally friendly practices, with particular focus on the promotion of, and commitment to, transparency and responsible reporting.
In addition, we also officially endorse the Smart Campaign – a global effort meant to unite microfinance leaders around a around a common goal of enhancing client protection.