FIP Empresas Sustentaveis na Amazonia
Last updated 11 May 2020, by Impactyield.
FIP EMPRESAS SUSTENTÁVEIS NA AMAZÔNIA is a private equity fund focused on projects that encourage a more efficient use of natural resources with a relevant social and economic impact on low-income families.
Our investments promote economic development and job growth in regions with: low availability of capital, lower than average HDI and fragile ecosystems. Deploying growth capital in these places, located outside of the mainstream big centers of Brazil, unlocks entrepreneurial opportunities, decreasing the inequality gap with sustainable development
Kaeté is the manager of the first Impact Investing Private Equity Fund focused in the Amazon Region looking for opportunities to promote sustainable and scalable development with reduction of deforestation in the region.
FIP EMPRESAS SUSTENTÁVEIS NA AMAZÔNIA is a R$ 100 M private equity fund that invests in growing small and medium sized companies, with up to 50 million revenue.
The fund is closed for new investments, and still has residual resources to invest.
Key performance indicators
Asset manager: Kaeté Investimentos
Product track record: Fund has 9 years of track record
Target IRR: 6%
Committed Capital: 100,000,000 BRL (Brazilian Real)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Brazil
Product status: Closed - still investing
Style/Stage: Growth Stage
Inception year: 2013
Vintage year: 2013
Target close date: 01/01/2013
Product term: 12 years term
Assets under management: n.a.
Investment size: Min: 5,000,000; Max: 40,000,000; Avg: 12,000,000
Currency of investments: BRL (Brazilian Real)
Currency for fund / product figures: BRL (Brazilian Real)
Fund investments to date: 4
Fund investments to date exited or repaid: 0
Management fee: 4%
Carried interest: 20%
Hurdle rate: IPCA + 6% p.y.%
GIIN Investors' Council Investment: No
Limited Partners / Investors: BNDES Participações (Brazilian Development Bank), Agencia de Negocios do Acre, Banco do Estado do Para, Kaete Investimentos, Brazilian Family Office
Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors
We focus on regions outside of the mainstream big centers of Brazil and on projects that encourage a more efficient use of natural resources or have a relevant social and economic impact on low-income families. Our investments promote economic development and job growth in regions with low availability of capital. Deploying growth capital in these places can unlock entrepreneurial opportunities, help decrease the inequality gap and promote sustainable development.