Mozambique SME Impact Fund I

Mauritius

Last updated 11 May 2020, by Impactyield.

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The Mozambique Impact Fund I makes early and expansion stage investments in small and medium-sized enterprises that contribute to job creation, improved access to goods/services for low-income consumers, and localization of supply chains in Mozambique.



Financial description

The fund will focus mainly on providing equity and quasi-equity or mezzanine instruments (ranging from US$300,000 to US$1 million) to high-impact, high-growth SMEs. Equity investments will be limited to minority shareholding of portfolio firms. Non-equity financing will be self-liquidating over the life of the investments. Eligible portfolio companies must have assets and annual revenues of less than US$ 5 million. Additional to the investment capital fund, Impacto Capital offers a business support facility that matches wrap around service funding for portfolio companies, offering our SME investees access to management, financial and operational expertise.

6 years

of track record

2016

the year funded

14,000,000 USD

AUM

Asset manager

Impacto Capital

Website

Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Encourage companies to adopt sustainable practices and sustainability reporting

Expand and upgrade energy services for developing countries

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Impacto Capital

Product track record: Fund has 6 years of track record

Target IRR: 10%

Committed Capital: 0 USD (US Dollar)

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

Fund domicile:

Product status:

Style/Stage:

Inception year: 2016

Vintage year: 2017

Target region: , , ,

Target close date: 01/06/2017

Product term: 10 year term

Assets under management: 14,000,000 USD (US Dollar)

Investment size: Min: 300,000; Max: 1,000,000; Avg: 600,000

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%

Carried interest: 20%

Hurdle rate: 5%%

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:

Phone number: 258845781446.00

If you wish to have your details removed from this database please email gdpr@impactyield.com


Diogo Lucas

Managing Partner

Impact Performance

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n.a.

Impact thesis

Impacto Capital's Mozambique SME Impact Fund is the first impact focused investment vehicle in Mozambique focusing on “missing middle” SME funding. Firms receiving investment through the fund must show significant potential for growth and substantial contribution to the fund’s key impact metrics. Companies must be ESG compliant and have a clear growth and impact strategy.
Target impacts include the transfer of skills and technology, environmental conservation, job creation, and provision of goods and services to lower-income consumers. While the fund is not sector-specific, companies in the extractive and real estate industries are excluded from consideration.

Impact Management

n.a.

Financial benchmark

Term Description:

Keywords

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