CASEIF Corporation II
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Latin America and the Caribbean (38) / Caribbean (8) / Dominican Republic (4)
CASEIF II is a PE-VC Fund that invests in Small and Medium enterprises in Central America and Dominican Republic. CASEIF II´s mission is to promote private sector growth with the aim to support economic growth and fight poverty. Investors are international prestigious finance institutions that share the mission to promote development through the investment in profitable private businesses; they are FOMIN, NORFUND, BIO, FINNFUND, SIFEM and CAF. LAFISE is the only private investor and is also the main shareholder of the management company (Lafise Investment). CASEIF II is a 10-year-life Fund that initiated operations in 2007, with a five-year investment period. The Fund focuses in companies with high growth potential that are facing growth stage. The eligible companies can operate on a wide variety of economic sectors. The Funds makes investments on the US$ 250,000-US$ 3,000,000 range and has averaged US$ 1,500,000 per investment. The instruments used are common shares, convertible debt and mezzanine loan. CASEIF II, through its management company, participates actively in the strengthening of the companies, providing them vast support with the objective to increase the odds of success in the growing stage. The Fund also provides assistance to the companies to obtain professional and technical advice. Hence, CASEIF II contribution is more than a mere capital injection; CASEIF II is a strategic partner that will support the growth of the investee companies.
CASEIF II invests in companies with high growth potential that are facing growth stage. The eligible companies can operate on a wide variety of economic sectors. The Funds makes investments on the US$ 250,000-US$ 3,000,000 range and has averaged US$ 1,500,000 per investment. The instruments used are common shares, convertible debt and mezzanine loan. CASEIF II, through its management company, participates actively in the strengthening of the companies, providing them vast support with the objective to increase the odds of success in the growing stage.
When CASEIF II invests in equity positions, it targets minority positions, in the 30% - 49% range of shareholding. The Fund can also target majority positions under specific circumstances. By investing in minority positions, the Fund thoroughly evaluates the experience, capabilities and commitment of the management team.
of track record
the year funded
Key performance indicators
Asset manager: Lafise Investment Management
Product track record: Fund has 17 years of track record
Target IRR: 15%
Committed Capital: 30,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Bahamas
Product status: Closed - still investing
Style/Stage: Early Stage, Growth Stage, Mezzanine Finance
Inception year: 2006
Vintage year: 2007
Target region: Caribbean, Dominican Republic, Emerging countries, Latin America and the Caribbean
Target close date: n.a.
Product term: 10 year term
Assets under management: 35,000,000 USD (US Dollar)
Investment size: Min: 250,000; Max: 3,000,000; Avg: 1,500,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 14
Fund investments to date exited or repaid: 1
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Multilateral Investment Fund (MIF), Norwegian Investment Fund for Developing Countries (NORFUND), Swiss Investment Fund for Emerging Markets (SIFEM), Finnish Fund for Industrial Cooperation Ltd. (FINNFUND), Belgian Investment Company for Developing Countries (BIO), Latin American Financial Services Corporation (LAFISE), Corporacion Andina de Fomento (CAF)
Limited Partner / Investor Type: Development Finance Institution (DFI)
Phone number: (505) 22771111
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Senior Investment Officer
CASEIF II´s mission is to promote private sector growth with the aim to support economic growth and fight poverty. Developmental impact is one of the main concerns of CASEIF II when exploring a new investment. The Fund is committed to create positive impact in a wide range of themes, such as the job generation, the employment of women and young people, the EHS systems and trainings, the influence over the enhancement of the business community, etc. CASEIF II approves investments when it identifies different areas in which it can create positive impact in society. CASEIF II has constructed a Technical Assistance (TA) facility alongside the fund to facilitate value-add and impact improvement into the portfolio companies. The TA facility provides support to increase technical capabilities and enhance organizational and personnel competences. CASEIF II is a multi-sector Fund; investments have been allocated in sectors such as food and beverage, manufacturing of consumer products, agro-industry, services, and energy.