responsAbility SICAV (Lux) Mikro- und KMU-Finanz-Fonds


Last updated 11 May 2020, by Impactyield.

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The responsAbility SICAV (Lux) Mikro- und KMU-Finanz-Fonds invests worldwide in the global micro, small and medium-sized enterprise (MSME) finance sector to support financial sector development. The portfolio comprises fixed or variable-interest debt securities with short to medium terms to maturity for the refinancing of the MSME loan portfolio. The fund makes limited investments in participants along the agricultural value chain.

Asset class

Fund style

Not listed

Financial description

The responsAbility Mikrofinanz-Fonds portfolio comprises fixed or variable-interest debt securities with short to medium terms to maturity for the refinancing of the MFI loan portfolio. It distributes an annual dividend. We anticipate an average annual net return of 3-5% in EUR over a recommended investment horizon of 3-5 years.

16 years

of track record


the year funded

561,208,309 EUR


SDG goals

SDG targets

Promote access to genetic resources and fair sharing of the benefits

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: responsAbility Investments

Product track record: Fund has 16 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:


Inception year: 2007

Vintage year: 2007

Target region: ,

Target close date: n.a.

Product term: n/a

Assets under management: 561,208,309 EUR (Euro)

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 377

Fund investments to date exited or repaid: 0

Management fee: 2.2%

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Family Office, Pension Funds, Other Institutional Investors


E-mail: n.a.


Phone number: 41442543296.00

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Impact Performance


Impact thesis

The responsAbility Mikrofinanz-Fonds 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.
The fund tracks the number of micro-entrepreneurs reached, the percentage of women receiving microloans and the breakout of rural vs urban.

Impact Management


Financial benchmark

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