responsAbility Micro and SME Finance Fund

Luxembourg

Last updated 11 May 2020, by Impactyield.

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Fund geography

Emerging countries (256)

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.


Fund style

Not listed


Financial description

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.

7 years

of track record

2015

the year funded

1,075,573,054 USD

AUM

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase access to financial services and markets

Key performance indicators

Fund overview

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:

Product status:

Style/Stage:

Inception year: 2015

Vintage year: 2015

Target region:

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

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

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

Contact

E-mail: n.a.

Website: http://www.responsability.com/investing/en/1061/responsAbility-Global-Microfinan...

Phone number: +41 44 250 99 30

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


Impact Performance

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n.a.

Impact thesis

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

Impact Management

n.a.

Financial benchmark

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