Helios Credit Partners, L.P.

Cayman Islands

Last updated 11 May 2020, by Impactyield.

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Helios Credit Partners, L.P. was established to capitalize on the significant and growing gap between supply of and demand for direct lending to African businesses by making loans to public and private companies across Africa. The fund’s investment strategy is to build a diversified portfolio of dollar-denominated loans to healthy, cash generative African businesses, with the objective of generating mid-teens unlevered returns, augmented by structural enhancements to minimize downside risks, and upside features to capture additional value.



Financial description

Given the limited availability of both senior and mezzanine debt across Africa and the lack of structuring flexibility available, there is currently a significant unmet demand for debt funding. The opportunity encompasses a broad range of first and second lien loans, convertible loans, shareholder loans and different forms of cash-flow and asset-backed financings. Domestic credit provision to the private sector is low despite strong GDP growth, and Helios believes that low levels of financial intermediation have translated into a severe shortage of private sector credit which is unlikely to be addressed in the medium term. Availability of bank lines is limited, and local debt capital markets do not provide a viable alternative as most countries in Africa lack functional or deep corporate bond markets.

6 years

of track record

2016

the year funded

300,000,000 USD

AUM

Asset manager

SDG goals

SDG targets

Full employment and decent work with equal pay

Key performance indicators

Fund overview

Asset manager: Helios Investment Partners

Product track record: Fund has 6 years of track record

Target IRR: 14%

Committed Capital: 120,000,000 USD (US Dollar)

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

Fund domicile:

Product status:

Style/Stage:

Inception year: 2016

Vintage year: 2017

Target region: ,

Target close date: 01/12/2017

Product term: 9 year term

Assets under management: 300,000,000 USD (US Dollar)

Investment size: Min: 15,000,000; Max: 35,000,000; Avg: 0

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 3

Fund investments to date exited or repaid: 0

Management fee: 1.75%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: Overseas Private Investment Corporation

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

Contact

E-mail: n.a.

Website: http://www.heliosinvestment.com

Phone number: +44 20 7484 7700

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


Dabney Tonelli

Investor Relations Partner

David Damiba

Partner

Impact Performance

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Impact thesis

By having a dedicated focus on African markets, Helios Credit supports the growth of healthy, growing African companies by providing appropriately structured, flexible, commercially viable and otherwise fit-for-purpose credit. Our investments, in addition to generating a financial return to investors, also have immense impact across the continent, contributing to economic growth as well as creating lasting positive social and environmental benefits. To date, our credit investments have had the following impact: job creation, capacity building, community development, care for the environment, and enhancing access to affordable housing.

Impact Management

n.a.

Financial benchmark

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