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Minerva Mexico Debt Fund, LP
United States of America
Last updated 12 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Latin America and the Caribbean (38) / Central America (15) / Mexico (9)
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.
Asset class
Fund status
Fund style
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.
10 years
of track record
2014
the year funded
50,000,000 USD
AUM
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Asset manager
Minerva Capital Group
Headquarters location: United States of America
Other funds managed by this asset manager: Minerva Opportunity Fund I, LP
Key performance indicators
Fund overview
Asset manager: Minerva Capital Group
Product track record: Fund has 10 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: United States of America
Product status: Open - committed capital
Style/Stage: Growth Stage
Inception year: 2014
Vintage year: n.a.
Target region: Central America, Emerging countries, Latin America and the Caribbean, Mexico
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: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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.