CASPIAN SME IMPACT FUND IV

India

Last updated 13 August 2020, by Impactyield.

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Caspian SME Impact Fund IV makes investments in equity or equity like instruments in small and medium enterprises primarily in the food & agriculture, clean energy & efficiency, and financial services for SMEs to meet the basic needs of a large underserved populations in India.

This is Caspian's fourth fund offering. The Fund is domiciled in India as a Cat II Alternate Investment Fund regulated by the Indian securities market regulator and will invest exclusively in India. The investment focus is on viable, innovative SMEs in the aforementioned sectors and is open for subscription by international and domestic investors. The Fund size is expected to be between USD 40-50 mn.



Financial description

The fund invests in 12-13 SMEs, with investment sizes ranging from INR 50-350Mn. The fund focus is on minority stakes of Series A or B investments that do not exceed 15% of the Aggregate Capital Commitments. Investment in startups only happens under exceptional circumstances. Investments will primarily include equity and equity linked instruments with a plan to exit within 5 to 7 years after acquisition.

7 years

of track record

2016

the year funded

45,000,000 USD

AUM

Asset manager

SDG goals

SDG targets

Double the productivity and incomes of small-scale food producers

Promote access to research, technology and investments in clean energy

Promote policies to support job creation and growing enterprises

Increase access to financial services and markets

Key performance indicators

21

Investments

19.34 Million

Clients Impacted

Fund overview

Asset manager: Caspian Impact Investment Adviser

Product track record: Fund has 7 years of track record

Target IRR: 15%

Committed Capital: 3,300,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2016

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: n.a.

Assets under management: 45,000,000 USD (US Dollar)

Investment size: Min: 120,000,000; Max: 350,000,000; Avg: 150,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: 12%%

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

Contact

E-mail: info@caspian.in

Website: https://www.caspianequity.in/

Phone number: +91 40 6629 7100

If you wish to have your details removed from this database please email gdpr@impactyield.com


SHILPA SUDHAKAR

Executive Director

VISWANATHA PRASAD SUBBARAMAN

Managing Director

Impact Performance

KPITARGET2020
# Investments n.a.21
Clients impactedn.a.19.34 Million
Jobs Createdn.a.45,000
Impact thesis

The primary impact lens is a sectoral one. The fund works in sectors with high potential for developmental impact and prefers clients working with low-income households or women, or contributing to environmental sustainability.

The fund will invest in innovative SMEs in India that are focused on building efficient distribution channels to enable:

- Access to remunerative markets for small holder farmers/producers.
- Access to suitable financial services for micro and small enterprises.
- Access to high quality affordable essential services to underserved customer segment.

Impact Management

Impact Metrics Disclosure (Fund level, Public) No
Impact Metrics Disclosure (Manager level, Public)Yes
Impact Targets Disclosure (Fund level, Public)No
Impact Targets Disclosure (Manager level, Public)No
Signatory of the Operating Principles for Impact ManagementNo
Independent Impact Management VerificationNo
Impact Reporting Frequencyn.a.
BCorp Impact Assessed Yes
BCorp Impact Score 109.7
Other Certifications BCorp Best for the World Honoree, Best for Consumers (2019)
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