Livelihood Impact Fund
Last updated 12 May 2020, by Impactyield.
Unitus Impact ("UI") is a venture capital firm that invests in scalable businesses that increase income levels and create livelihood opportunities for the working poor in Asia's fastest growing economies. Over the past 10+ years, UI has been working and investing in Asia to accelerate market-based solutions to poverty and generate risk-commensurate financial returns for its investors.
Although we are not restricted by industry, UI invests equity into companies focused on supply chain optimization, building agribusiness verticals, and providing small-business financing and micro-franchise opportunities. Each UI portfolio company aims to build significant enterprise value by establishing distribution and supply chain platforms that can scale to reach millions of low-income families and significantly increase their incomes.
After successfully proving out the livelihoods thesis through our now closed syndicate series structure, Unitus Impact Partners launched the Livelihood Impact Fund Fund in Q3 2012. We are raising a $35 - $50 million fund to invest in 15-20 innovative businesses through equity and convertible debt structures. The first close was in June 2013.
Unitus Impact is equally focused on both financial and social returns. We seek to prove that investing into livelihood ventures can provide commercial returns while doing social good. As such, we target impactful portfolio companies that achieve profitability and scale quickly. We target risk-commensurate financial returns in-line with top quartile commercial investment vehicles in comparable geographies. Per Cambridge Associates, the benchmark for top quartile financial returns related to Asia-only emerging markets venture capital investing was 21.7% between 2000 and 2011
of track record
the year funded
Unitus Impact Partners
Headquarters location: United States of America
Other funds managed by this asset manager: Unitus Impact Syndicate Series
Equal rights to ownership basic services technology and economic resources
Affordable and sustainable transport systems
Ensure public access to information and protect fundamental freedoms
Universal access to safe and nutritious food
Double the improvement in energy efficiency
Expand and upgrade energy services for developing countries
Full employment and decent work with equal pay
Increase access to financial services and markets
Universal access to information and communications technology
Key performance indicators
Asset manager: Unitus Impact Partners
Product track record: Fund has 11 years of track record
Target IRR: 20%
Committed Capital: 15,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Singapore
Product status: Open - committed capital
Style/Stage: Early Stage, Growth Stage, Late Stage, Secondary
Inception year: 2012
Vintage year: 2012
Target region: Asia, Eastern Asia, Emerging countries
Target close date: 01/06/2013
Product term: 10 years, +2x 1-yr ext
Assets under management: 50,000,000 USD (US Dollar)
Investment size: Min: 500,000; Max: 5,000,000; Avg: 1,500,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 8
Fund investments to date exited or repaid: 0
Management fee: 2.5%
Carried interest: 20%
Hurdle rate: TBD%
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors
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Phone number: +1-415-829-2473
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Unitus Impact invests into innovative companies that create livelihood opportunities and large-scale income improvements for the working poor. These companies optimize inefficient supply chains, provide access to markets, and create significant value at the base of the pyramid.
We quantify social and livelihood impact on low-income populations by monitoring multiple IRIS social metrics across our entire portfolio: the directly resulting income increase and the number of livelihoods/jobs created. These metrics provide value for our investors and as well as the entrepreneurs we work with. Our measurement process is twofold. First, portfolio companies perform intake assessments and determine each participant's base income level. Second, we conduct ongoing tracking and reporting which provides insight into how each company is improving livelihoods over time. As appropriate, we may choose to monitor industry specific IRIS metrics on an individual company basis.