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Cadiz-GreaterCapital JV SRI Bond Fund
South Africa
Last updated 13 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Africa (127) / Southern Africa (12) / South Africa (6)
The Fund supports sustained solutions to some of South Africa’s challenges by making strong investments with measurable social benefits. We have created a socially responsible investment product that combines investment return imperatives with sustainable development – environmental, social and corporate. The fund promotes sound social and infrastructure provision through listed and unlisted fixed income opportunities.
Our approach to managing unlisted, high social impact investments is unique. Cadiz Asset Management has broken new ground in a joint venture with GreaterCapital, part of the GreaterGood group, a not-for-profit social enterprise with considerable experience, networks and a nuanced understanding of how to create cross-sector high impact social investment opportunities. The partnership draws on the considerable financial acumen and responsible investment leadership of the CAM Group and GreaterCapital’s established track record of successful research, social project identification, analysis and impact assessment.
We target viable social projects in both urban and rural regions, which are high priority development areas.
Asset class
Fund status
Fund style
Not listed
Financial description
Unlisted debt impact investment fund.
17 years
of track record
2007
the year funded
2,000,000,000 ZAR
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
Key performance indicators
Fund overview
Asset manager: Cadiz Asset Management
Product track record: Fund has 17 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: South Africa
Product status: Open - committed capital
Style/Stage:
Inception year: 2007
Vintage year: 2007
Target region: Africa, Emerging countries, South Africa, Southern Africa
Target close date: n.a.
Product term: n.a.
Assets under management: 2,000,000,000 ZAR (Rand)
Investment size: Min: 10,000,000; Max: 0; Avg: 30,000,000
Co-investment policy:
Currency of investments: ZAR (Rand)
Currency for fund / product figures: ZAR (Rand)
Fund investments to date: 8
Fund investments to date exited or repaid: 4
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors, Retail Investors
Contact
E-mail: info@cadiz.co.za
Website: http://www.cadiz.co.za
Phone number: +27 216 85 9780
If you wish to have your details removed from this database please email gdpr@impactyield.com
Carron Howard
SRI Credit Analyst
Dylan Edwards
Senior Consultant
Elena Mancebo
Research and Evaluation
Impact Performance
n.a.
Impact thesis
Cadiz African Harvest Asset Management and GreaterCapital believe that a holistic strategy that comprises engaging grass roots community structures, local industry, the non-profit sector and funds allocated for Corporate Social Investment and Socially Responsible Investment is the most effective model for creating sustainable socio-economic development. Our own experience in engaging such strategies in South Africa is evidence of this.
GreaterCapital undertakes ongoing research around the development needs of specific communities all over Southern Africa as well as research on good practice implementation models within the various development sectors. Working with implementing agencies identified in those communities we develop solid project proposals with related project budgets ensuring that all necessary items are included for the successful implementation of the project:
• Securing income for vulnerable families
• Using the powerful micro-financing model for small business initiatives
• Providing basic services such as water and sanitation
• Providing access to education and health care
• Securing land and housing to provide security
Impact Management
n.a.