Grassroots Business Investors Fund I, L.P.

Cayman Islands

Last updated 12 May 2020, by Impactyield.

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The Grassroots Business Fund (GBF), working through a unique nonprofit/for-profit hybrid model, is able to partner with "High Impact Businesses" to provide them with both the investment capital and the business advisory services they need to overcome the challenges they face.These "High Impact Businesses" provide sustainable economic opportunities to millions of people at the base of the economic pyramid (BoP). Their work empowers the poor in developing countries as independent entrepreneurs and consumers of affordable goods and services.

Through the private investment fund, Grassroots Business Investors Fund ("GBI-I"), GBF makes equity, mezzanine equity, mezzanine debt, and straight debt investments. These customized investment structures ensure that GBF’s investment performance is aligned with the businesses’ performance, while providing a form of capital suitable for long-term investment in wealth-creating businesses that service the base of the pyramid.

The non-profit, Grassroots Business Partners (GBP) provides grant-funded management support sourced from GBF staff, expert consultants, and local service providers. The focus is on enhancing several core areas, including financial and strategic planning, corporate governance, human resource management, marketing, supply chain management, and management information systems (MIS).

GBF traces its origins back to the International Finance Corporation (“IFC”) initiative in 2004.



Financial description

Financial Returns: GBF’s existing portfolio is currently generating a 6.2%* current yield as of June 30, 2011. With successful exits in the coming years, GBF estimates that the upside return could range from 10% to 15%. This does not take account of losses, which hopefully will be limited by GBF’s extensive monitoring and significant value added to investees accomplished through a hands-on portfolio management approach involving staff based both locally and at headquarters.
* Note: This current yield does not factor in upside options or potential losses

11 years

of track record

2011

the year funded

60,000,000 USD

AUM

Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Universal access to safe and nutritious food

Universal access to modern energy

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Grassroots Business Fund (GBF)

Product track record: Fund has 11 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return Below risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2011

Vintage year: 2012

Target region: , ,

Target close date: 01/11/2012

Product term: 10

Assets under management: 60,000,000 USD (US Dollar)

Investment size: Min: 100,000; Max: 0; Avg: 1,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 8

Fund investments to date exited or repaid: 0

Management fee: 3%

Carried interest: 20%

Hurdle rate: 6%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: http://www.gbfund.org/Supporters

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors, Retail Investors

Contact

E-mail: n.a.

Website: http://www.gbfund.org

Phone number: 202-518-6865

If you wish to have your details removed from this database please email gdpr@impactyield.com


Robert Webster

Chief Operating Officer

Impact Performance

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Impact thesis

GBF’s High Impact Businesses have generated economic opportunities and improved the lives of over 9.4 million people in Africa, Asia and Latin America.
GBF collects basic metrics, takes steps to ensure data quality, creates dashboards to visualize the important metrics, and analyzes that information in order to make improved management decisions. In addition, GBF provides support to its portfolio companies to enable them to carry out the same process. For more information, see: http://www.gbfund.org/iPAL

Impact Management

n.a.

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