Insitor Poverty Alleviation Fund

Luxembourg

Last updated 11 May 2020, by Impactyield.

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The Insitor Poverty Alleviation Fund is a venture capital fund that finances social businesses in emerging and frontier markets. The Fund supports early stage companies that have the potential to improve the living standards of low-income communities. Sectors include water/sanitation, healthcare, education, and housing.

The Insitor Poverty Alleviation Fund is a sub-fund of the “INSITOR IMPACT FUND SICAV SIF”, an umbrella fund to be incorporated in Luxembourg as a corporate partnership limited by shares and qualified as an investment fund with variable share capital.

The geographic target of the Fund is Developing Asia where a large and growing population live below the poverty line. The target capitalization of the Fund is USD 15 million. A committed hands-on investor, Insitor Poverty Alleviation Fund will provide technical advice and management support to the portfolio businesses, leveraging ideas, skills, and finance.



Financial description

The Fund invests in early-stage businesses whose business models improve the standard of living of low-income families. Investments are made in companies that increase access to clean water, sanitation, health care, nutrition, education, and affordable housing. The Fund will also be invested in companies whose business models enhance the earning potential of vulnerable communities.
Size and type of individual investments: investments are made in the form of equity, mezzanine, and/or debt to provide maximum flexibility in meeting the company’s needs. The Fund invests USD 250K – 2M as a unique investor, co-investor, or in syndication.
Stage: the Fund concentrates on early stage businesses that require financial and hands-on management support to grow to a scale attractive to local and international investors.
Continuing support: the Fund provides portfolio companies with the management support and capital they need to bring business processes, human resources, structures, or technologies to market standards, and to assist them in achieving their social and financial objectives. In most cases the Fund contributes its expertise through playing active board and coaching roles and provides continuing support to the management team.

7 years

of track record

2015

the year funded

15,000,000 USD

AUM

Asset manager

Insitor Management

Website

Headquarters location:

Other funds managed by this asset manager: Insitor Seed Fund SCAInsitor Energy Access Fund

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Universal access to safe and nutritious food

Universal access to sexual and reproductive care, family planning and education

Free primary and secondary education

Safe and affordable drinking water

Key performance indicators

Fund overview

Asset manager: Insitor Management

Product track record: Fund has 7 years of track record

Target IRR: n.a.

Committed Capital: n.a.

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

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2015

Vintage year: 2015

Target region: , ,

Target close date: n.a.

Product term: 10 years

Assets under management: 15,000,000 USD (US Dollar)

Investment size: Min: 250,000; Max: 2,000,000; Avg: 1,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 3.5%

Carried interest: 20%

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, Pension Funds, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://www.insitormanagement.com

Phone number: +855 23 218 257

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Marco Aletti

Associate

Impact Performance

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n.a.

Impact thesis

The demographic and economic growth in Developing Asia has created a low-income group that is driving a vast and increasing demand for essential products and services that the public sector finds challenging to meet.
Nearly 2 billion Asians have limited or no access to clean water, quality food, secure shelters, affordable healthcare, efficient infrastructures, or comprehensive financial services. While the aid community has been focusing on meeting the needs of the most vulnerable segments of the population, a much larger low-income working group has remained under-served.
A new generation of privately owned companies that is entering the market to serve the unmet demand faces limited financing sources. This is more so for early stage ventures that face constraints in raising first rounds of finance. Funding is more available for later stages. The region presents a unique opportunity to achieve an attractive combination of social and financial returns by seeding high quality social businesses and growing them to a larger scale and higher profile.
By selecting and supporting pioneering companies whose success will spur the creation of new markets and industries, the Fund is expected to create a multiplier effect on the its initial investment.

Impact Management

n.a.

Financial benchmark

Term Description:

Keywords

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