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Scarab Enhanced-Cash Fund
United States of America
Last updated 19 April 2020, by Impactyield.
Fund geography
Scarab Enhanced-Cash Fund (SECF) is a fund of short duration bond funds that serves as an alternative to traditional money market investment. SECF focuses on poverty alleviation through microfinance lending to entrepreneurs and small to medium size enterprises in developing countries.
The funds in SECF have been chosen to provide liquidity and outperform traditional cash management vehicles. They are also chosen because of their outstanding record of loan repayments. The loans in SECF's funds are "laddered". The laddered approach affords ongoing liquidity derived through the monthly payment of interest and return of principle on maturing notes.
Financial description
Q3 2013 Financial Update:
SECF outperformed the 90 day Treasury bill (benchmark) by 1.03% for the quarter. It is not difficult to outperform this benchmark when treasuries are yielding nothing. The underlying investment, MicroVest’s Short Duration Fund continues to be the only investment in SECF with 47% of the cash supporting women entrepreneurs in developing countries. MicroVest has a globally diversified portfolio and only lends money to well established Microfinance Institutions and Small to Medium-sized Enterprises.
12 years
of track record
2012
the year funded
n.a.
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
3Sisters Sustainable Management
Headquarters location: United States of America
Other funds managed by this asset manager: Scarab Global Community Impact FundScarab Green Real Assets Fund
Fund overview
Asset manager: 3Sisters Sustainable Management
Product track record: Fund has 12 years of track record
Target IRR: 2%
Committed Capital: 2,700,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage:
Inception year: 2012
Vintage year: 2012
Target region: Global
Target close date: n.a.
Product term: Alternative to money market funds/Open-ended
Assets under management: n.a.
Investment size: Min: 100,000; Max: 0; Avg: 0
Co-investment policy: With non-LPs only
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 1
Fund investments to date exited or repaid: 0
Management fee: 0.5%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Confidential
Limited Partner / Investor Type: Family Office
Contact
E-mail: butler@3sistersinvest.com bingham@3sistersinvest.com
Website: https://www.3sistersinvest.com/
Phone number: 2155254857 x103
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Impact Performance
n.a.
Impact thesis
SECF focuses on investments that promote environmental protection and enhancement, and that work to alleviate poverty and develop community. Investments may be made in social impact bonds, community development banks and credit unions.
Impact Management
n.a.