responsAbility Micro and SME Finance Fund
Last updated 11 May 2020, by Impactyield.
The responsAbility Micro and SME Finance Fund invests in the global micro, small and medium-sized enterprise (MSME) finance sector. In addition, the Fund can also invest to a limited extent directly in successful or promising small and medium-sized enterprises ("SMEs") and in actors that are involved in the agriculture value chain ("AVCAs"). Most investments take the form of short to medium-term debt securities with fixed or variable coupons, issued by financial service providers to refinance their credit portfolios. The Fund may also hold a limited portion of equity capital, either directly or indirectly.
rAMGF has been active since 2003 and invests in the microfinance sector worldwide. Broadly diversified, it either invests directly in MFIs or indirectly through institutions or investment products, which in turn, invest in MFIs. Most of the fund portfolio comprises variable or fixed-interest debt securities with short to medium terms to maturity. To a limited extent, rAMGF can also make fair trade and private equity investments. Long-term goals are positive value growth and low fluctuations in returns. Swiss franc and Euro investments are hedged against the US dollar.
Headquarters location: Switzerland
Other funds managed by this asset manager: responsAbility Fair Agriculture FundresponsAbility SICAV (Lux) Micro and SME Finance LeadersresponsAbility SICAV (Lux) Mikro- und KMU-Finanz-Fonds
Key performance indicators
Asset manager: responsAbility Investments
Product track record: Fund has 7 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
Inception year: 2015
Vintage year: 2015
Target region: Emerging countries
Target close date: n.a.
Product term: n.a.
Assets under management: 1,075,573,054 USD (US Dollar)
Investment size: Min: 0; Max: 0; Avg: 0
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 531
Fund investments to date exited or repaid: 0
Management fee: 2.6%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Pension Funds, Other Institutional Investors, Retail Investors
Phone number: +41 44 250 99 30
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rAMGF invests in microfinance institutions in developing countries and emerging markets that provide affordable financial services to micro-entrepreneurs and people from low-income households. These savings facilities and loans strengthen financial independence. They also give wide sections of the population the opportunity to pursue a business activity, thus opening new prospects.
To a limited extent the fund also invests in fair trade and focuses particularly on established organizations along the entire agricultural value chain.
Key benefits to society include:
-Access to development-related financial services
-Enabling micro and small enterprises to exploit opportunities for growth
-Improved living standards