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Fund geography
Emerging countries (256) / Africa (127) / Eastern Africa (50)
Nature Conservation Notes make investments in sustainable agriculture and nature protection that alleviate poverty and conserves threatened species in African and Latin American countries.
The Note, launched in conjunction with Credit Suisse, provides exposure to (i) Althelia Climate Fund, a unique fund focused on sustainable agro-forestry and ecosystem conservation and (ii) a portfolio selected Green Bonds with high credit quality.
The 6-years notes are listed and offer secondary trading
Asset class
Fund status
Fund style
Not listed
Financial description
The investment objective is to finance transition towards sustainable land use and avoided deforestation in the form of result-based payments.
The Note carries the following terms:
– Expected net IRR of 7.0% p.a. in EUR
– Yearly repayments composed of (i.) Althelia Climate Fund’s dividends and (ii.) Green Bonds’ interests
– 6.5-year maturity with 60% of the initial investment expected to be repaid after 3.5 years
– Secondary market (option to exit)
– Sovereign guarantee (USAID) covering 50% loss on the Althelia Climate Fund (up to Fund size of EUR 100m)
– Min. investment EUR 100,000 (Qualified Investors & Wholesale Clients only)
10 years
of track record
2014
the year funded
15,000,000 EUR
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Mirova Natural Capital
Headquarters location: Luxembourg
Other funds managed by this asset manager: Land Degradation Neutrality FundAlthelia Madagascar Sustainable Landscapes FundAlthelia Sustainable Ocean FundAlthelia Climate Fund 1
Impact Category
Key performance indicators
Fund overview
Asset manager: Mirova Natural Capital
Product track record: Fund has 10 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Luxembourg
Product status: Open - post first close
Style/Stage:
Inception year: 2014
Vintage year: 2014
Target region: Africa, Eastern Africa, Emerging countries
Target close date: 01/12/2014
Product term: 6 years
Assets under management: 15,000,000 EUR (Euro)
Investment size: Min: 100,000; Max: 0; Avg: 0
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 2
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: 7%
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office
Contact
E-mail: n.a.
Phone number: +352 48 18 63
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
As part of Althelia ecosphere’s mission-driven approach to achieve transformational impact investing, all investments in the portfolio will deliver positive outcomes from the standpoint of both local communities and biodiversity, and priority will be given to projects that can demonstrate 3 multiple benefits including those in the areas of poverty alleviation, alternative livelihoods and the conservation of IUCN Red List of Threatened Species.
The Fund mainly targets activities in developing countries which generates revenues from PES (Payment for Ecosystem Services, such as Carbon Assets from land-use , REDD+ and IFM) and certified sustainable commodities.
The Fund also seeks, through an enterprise-based approach, to develop investments with multiple benefit streams (accruing locally and in the form of diversified revenue for investors). For example, this involves working directly with projects involving commodity roundtables on scalable pilot activities to link carbon finance to commodity certification to enable the production of zero-deforestation commodities
Impact Management
n.a.