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Bellwether Microfinance Fund Private Limited
India
Last updated 13 May 2020, by Impactyield.
Fund geography
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
Asset class
Fund status
Fund style
Financial description
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.
19 years
of track record
2005
the year funded
1,000,000,000 INR
AUM
Interested in this fund?
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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
Caspian Advisors Private Limited
Headquarters location: India
Other funds managed by this asset manager: CASPIAN SME IMPACT FUND IVIndia Financial Inclusion Fund
Impact Category
Key performance indicators
Fund overview
Asset manager: Caspian Advisors Private Limited
Product track record: Fund has 19 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
Co-investment policy:
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
Contact
E-mail: info@caspian.in
Website: http://www.caspian.in/bellwether.aspx
Phone number: 66297100.00
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Viswanatha Prasad S
Managing Director
Impact Performance
n.a.
Impact thesis
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.
Impact Management
n.a.