Fund geography
The FINCA Microfinance Fund B.V. was the first microfinance debt fund to close after the worldwide economic crises signaled by the collapse of Lehman in 2008. At a difficult time for the capital markets, the transaction provided important subordinated debt for seven of FINCA International’s affiliated microfinance institutions in the developing world.
Asset class
Fund status
Fund style
Not listed
Financial description
Providing Tier 2 qualifying capital to FINCA-affiliated MFIs for them to leverage four times to expand social outreach and increase the scope of the services that they offer microentrepreneurs
14 years
of track record
2009
the year funded
20,570,000 USD
AUM
Asset manager
Deutsche Bank
Headquarters location: United States of America
Other funds managed by this asset manager: Global Commercial Microfinance Consortium IIGlobal Commercial Microfinance Consortium IEye Fund I, LLCFirst German Fund for Microfinance
Impact Category
Key performance indicators
Fund overview
Asset manager: Deutsche Bank
Product track record: Fund has 14 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Netherlands
Product status: Closed - no longer investing
Style/Stage:
Inception year: 2009
Vintage year: 2009
Target region: Emerging countries
Target close date: n.a.
Product term: 7 years
Assets under management: 20,570,000 USD (US Dollar)
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 20
Fund investments to date exited or repaid: 0
Management fee: 1.5%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Other Institutional Investors
Contact
E-mail: n.a.
Phone number: 212.250.0549
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
At a difficult time for the capital markets, the transaction provided important subordinated debt for seven of FINCA International’s affiliated microfinance institutions in the developing world to leverage four times to expand social outreach and increase the scope of the services that they offer microentrepreneurs.
Impact Management
n.a.
Financial benchmark
Term Description:
Keywords