Livelihood Impact Fund


Last updated 12 May 2020, by Impactyield.

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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.

Financial description

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

11 years

of track record


the year funded

50,000,000 USD


Asset manager

Unitus Impact Partners


Headquarters location:

Other funds managed by this asset manager: Unitus Impact Syndicate Series

SDG goals

SDG targets

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

Fund overview

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:

Product status:

Style/Stage: , , ,

Inception year: 2012

Vintage year: 2012

Target region: , ,

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: ,

Currency of investments:

Currency for fund / product figures:

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




Phone number: +1-415-829-2473

If you wish to have your details removed from this database please email

Ryan Zoradi


Impact Performance


Impact thesis

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.

Impact Management


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