Dolma Impact Fund 1
Last updated 12 May 2020, by Impactyield.
Emerging countries (256) / Asia (67) / Southern Asia (30) / Nepal (1)
Dolma Impact Fund is the first international private equity fund focused purely on Nepal, providing capital and expertise to growth companies that meet key human needs. It is being established with support from the UK Department for International Development (DFID) to generate sustainable private sector employment in Nepal.
The fund provides an opportunity for investors to invest in vital economic and human development related sectors in Nepal, such as renewable energy, agriculture, education, financial inclusion, healthcare and eco-tourism.
It targets risk-adjusted market returns and, as an impact fund, builds positive social and environmental impact into the core of investee company strategies.
The Fund seeks to deploy capital in SME investments that, the Investment Manager believes, will provide a risk-adjusted, market return. The primary focus of the Fund is to be a source of growth capital for companies that are well established and have a track record of performance.The Fund will use a hands-on cooperative investment approach while making investments. In a market like Nepal, with many family-promoted businesses, this approach is necessary to build both trust and value.
of track record
the year funded
Key performance indicators
Asset manager: Dolma Impact Fund 1
Product track record: Fund has 9 years of track record
Target IRR: 14%
Committed Capital: 20,350,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Mauritius
Product status: Open - committed capital
Style/Stage: Growth Stage
Inception year: 2014
Vintage year: 2014
Target region: Asia, Emerging countries, Nepal, Southern Asia
Target close date: 01/07/2014
Product term: 10 years
Assets under management: 40,000,000 USD (US Dollar)
Investment size: Min: 500,000; Max: 3,000,000; Avg: 2,000,000
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: 2.75%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: Three DFIs, 3 HNWIs
Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office
Phone number: +60 11 1224 5112
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The Fund’s goal is to invest and partner with businesses that value the environment and community, and put a sustainable development model at the heart of their commercial business strategy and value proposition. A country like Nepal, starting from a low base in terms of economics and key service provision (e.g. healthcare, education, water and clean energy), has an enormous potential to directly contribute a positive impact to people’s lives through private sector development.