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Fund geography
Emerging countries (256) / Asia (67) / Southern Asia (30) / India (25)
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.
Asset class
Fund status
Fund style
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.
8 years
of track record
2016
the year funded
45,000,000 USD
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
21
Investments
19.34 Million
Clients Impacted
Fund overview
Asset manager: Caspian Impact Investment Adviser
Product track record: Fund has 8 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: India
Product status: Open - committed capital
Style/Stage: Growth Stage
Inception year: 2016
Vintage year: n.a.
Target region: Asia, Emerging countries, India, Southern Asia
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: LPs have priority, With LPs and non-LPs
Currency of investments: INR (Indian Rupee)
Currency for fund / product figures: USD (US Dollar)
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
| KPI | TARGET | 2020 |
|---|---|---|
| # Investments | n.a. | 21 |
| Clients impacted | n.a. | 19.34 Million |
| Jobs Created | n.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 Management | No |
| Independent Impact Management Verification | No |
| Impact Reporting Frequency | n.a. |
| BCorp Impact Assessed | Yes |
| BCorp Impact Score | 109.7 |
| Other Certifications | BCorp Best for the World Honoree, Best for Consumers (2019) |
Financial benchmark
Term Description:
Keywords
agricultureClean EnergyFinancial Servicesfoodgender lensinvestmentrenewable energySMESME FinanceSMEs