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Próspero Microfinanzas Fund, LP
Cayman Islands
Last updated 13 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Latin America and the Caribbean (38)
Próspero Microfinanzas Fund, L.P. is a Cayman Islands exempted limited partnership formed for the purpose of making equity and equity-like investments in early and intermediate stage microfinance institutions in Latin America and the Caribbean to provide a competitive financial return to its investors, in addition to creating a positive social impact.
Asset class
Fund status
Fund style
Financial description
Próspero provides investors with diversification of geography, currency, and stage. The fund will make direct investments across Latin America and the Caribbean (LAC), with country and institution investment limits, in 8-10 emerging and early stage MFIs - the market segment where microfinance social and financial value creation can be maximized. The in-region investment team has extensive investment experience in target markets and will focus on identifying investments at attractive entry prices and creating value over the holding period. The fund targets a market rate of return.
14 years
of track record
2010
the year funded
30,000,000 USD
AUM
Interested in this fund?
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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
Impact Category
Key performance indicators
Fund overview
Asset manager: Próspero Microfinanzas Fund, LP
Product track record: Fund has 14 years of track record
Target IRR: 18%
Committed Capital: 15,400,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Cayman Islands
Product status: Open - post first close
Style/Stage: Early Stage, Growth Stage
Inception year: 2010
Vintage year: n.a.
Target region: Emerging countries, Latin America and the Caribbean
Target close date: 01/09/2011
Product term: 7 year plus 2 year extension
Assets under management: 30,000,000 USD (US Dollar)
Investment size: Min: 500,000; Max: 3,000,000; Avg: 1,500,000
Co-investment policy: LPs have priority, With LPs and non-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: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Other Institutional Investors
Contact
E-mail: inavia@bim-bfm.com
Website: http://www.prosperofund.com
Phone number: 59122113237.00
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Fernando Prado
Fund Manager
Impact Performance
n.a.
Impact thesis
Prospero is committed to contributing towards a positive social impact on microfinance clients through its portfolio investments. The fund plans to achieve its social objectives by (a) emphasizing investment in microfinance institutions (MFIs) dedicated to serving the less penetrated microfinance markets (e.g., New Generation or Intermediate MFIs that reach the unbanked or under-served); (b) working with investee MFIs to enhance their social performance; and (c) working with MFIs to improve their ability to measure and report on social performance.
Prospero has committed to the Smart Campaign's Client Protection Principles and reporting on social performance, including MIX Market and other industry standards. Prospero will also be a Pioneer GIIRS-rated fund in the next stage of the GIIRS roll-out.
Impact Management
n.a.