Global Partnerships Microfinance Fund 2005
United States of America
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Latin America and the Caribbean (38) / Central America (15) / El Salvador (5)
Microfinance Fund 2005 (MFF 2005) is a $2 million fund providing growth capital to nine Central American microfinance institutions (MFIs) in four countries. The fund targeted social enterprise MFIs that reinvested profits in support of their social mission. The fund repaid investors 100% on time and in full/early on June 30, 2010.
Microfinance Fund 2005 is a tranche-structured fund with risk absorbed from the bottom-up; the fund consists of an equity layer (10% of fund size), Subordinated Notes (10% of fund size) and Senior Notes (80% of fund size). Five year fund, interest paid quarterly, principal paid over eight equal payments over final two years of the fund.
of track record
the year funded
Headquarters location: United States of America
Other funds managed by this asset manager: Global Partnerships Social Investment Fund 6.0Global Partnerships Microfinance Fund 2006Global Partnerships Microfinance Fund 2008Global Partnerships Social Investment Fund 2010Global Partnerships Social Investment Fund 5.0
Key performance indicators
Asset manager: Global Partnerships
Product track record: Fund has 18 years of track record
Target IRR: 5.3%
Committed Capital: 2,000,000 USD (US Dollar)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Completed
Inception year: 2005
Vintage year: 2005
Target region: Central America, El Salvador, Emerging countries, Latin America and the Caribbean
Target close date: n.a.
Product term: 5 year term
Assets under management: 2,000,000 USD (US Dollar)
Investment size: Min: 70,000; Max: 500,000; Avg: 300,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 9
Fund investments to date exited or repaid: 9
Management fee: 1%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors
E-mail: email@example.com firstname.lastname@example.org
Phone number: 206-456-7832
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Microfinance Fund 2005 selected microfinance institutions (MFIs) who share Global Partnerships' commitment to social impact. The fund invested in rapidly growing microfinance institutions who reach poor clients in underserved communities. Clients served by MFIs in the fund's portfolio are 41% rural-based and 78% women.