Minerva Mexico Debt Fund, LP

United States of America

Last updated 12 May 2020, by Impactyield.

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Minerva Mexico Debt Fund, LP focuses on double bottom line impact investments in lower middle market companies located in Mexico. The Fund’s investment objective is to achieve (1) appropriate risk-adjusted financial returns and (2) social impact, by investing in micro, small and medium enterprises (“MSME”) in Mexico that catalyze break-through innovation in financial inclusion for the under and unbanked population.



Financial description

The Fund's investment objective is to achieve appropriate risk-adjusted financial returns by investing in MSMEs in Mexico that catalyze break-through innovation in financial inclusion for the under and unbanked population. The Fund intends to pursue its objective through debt investments that suit the risk and return requirements of the Fund. The Fund will generally target and provide financing to Mexican MSMEs that satisfy the following criteria:
(1) Lower middle market enterprises
(2) Financing needs between $3 million and $15 million
(3) Defined cash flows
(4) Proven business models
(5) Top quality management teams
The Fund intends to implement standardized financing solutions for Credit Investments that will be oriented to generate income from collateralized senior and subordinated debt and debt convertible into equity.
The Fund is supported by a team of professionals who have extensive experience in debt and equity investment, accounting and the servicing and monitoring of investments. Its principals and affiliates have over 50 years of combined experience.

9 years

of track record

2014

the year funded

50,000,000 USD

AUM

Asset manager

Minerva Capital Group

Website

Headquarters location:

Other funds managed by this asset manager: Minerva Opportunity Fund I, LP

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Free primary and secondary education

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Minerva Capital Group

Product track record: Fund has 9 years of track record

Target IRR: 15%

Committed Capital: 25,000,000 USD (US Dollar)

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

Fund domicile:

Product status:

Style/Stage:

Inception year: 2014

Vintage year: n.a.

Target region: , , ,

Target close date: 01/12/2014

Product term: 7 year term

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 3,000,000; Max: 15,000,000; Avg: 5,000,000

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: 2%

Carried interest: 20%

Hurdle rate: 8%%

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: pilar@minervacapitalgroup.com

Website: http://www.minervacapitalgroup.com

Phone number: 305 672 0587

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Viviane De Kuyper – Verduyn

Director of Impact Investing Research

Impact Performance

n.a.

Impact thesis

The fund's objective is to invest in MSMEs in Mexico that catalyze break-through innovation in financial inclusion for the under and unbanked population. Specifically, the fund intends to support businesses that demonstrate:
1) Fair hiring practices: Promote standard practices and recruitment equally, irrespective of demographic characteristics.
2) Training and assessment: Promote education and training provided for employees.
3) Gender Balance: Management and/or Board of Directors to target 20% women.

Impact Management

n.a.

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