Last updated 12 May 2020, by Impactyield.
The IGNITE Fund is aiming to be a impact investment vehicle operating in, but not limited to, Liberia, Rwanda, Burundi, South Sudan, Palestinian Territories, Kosovo, and Afghanistan. IGNITE Fund will provide loan, convertible debt, equity and quasi equity investments to promising organizations which are looking to scale its operation and impact. Performance of invested organization would be measured in financial and social impact objectives. IGNITE Fund will provide technical assistance and mentoring in addition to financial support with the ultimatel goal of supporting today’s fledgling innovator who just might create the next great, scalable innovation while offering investors strong risk-adjusted financial returns.
The Fund utilizes loan, convertible debt, equity and quasi equity investments to invest in impactful and rapidly growing businesses in fragile states.
of track record
the year funded
Key performance indicators
Asset manager: Ignite Fund
Product track record: Fund has 9 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: Open - committed capital
Style/Stage: Early Stage, Growth Stage, Secondary, Seed Stage
Inception year: 2014
Vintage year: n.a.
Target region: Africa, Emerging countries
Target close date: 01/12/2015
Product term: 10 Year term
Assets under management: 30,000,000 EUR (Euro)
Investment size: Min: 0; Max: 0; Avg: 0
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 3
Fund investments to date exited or repaid: 0
Management fee: 3%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: n.a.
Phone number: +31 20 7530311
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The Fund will support organizations that (1) create sustainable, quality employment in fragile states, (2) Improve income in less advantaged populations, especially in marginalized communities (3) increase access to social services for less advantaged people, especially in marginalized communities (4) reduce barriers for higher quality of life (5) promote equality and fairness especially for minorities, youth, women and disable persons.