Scarab Global Community Impact Fund
United States of America
Last updated 21 April 2020, by Impactyield.
Scarab Global Community Impact Fund (SGCIF) makes direct loans of short to medium duration, and sometimes co-invests with established lenders and well regarded funds. It serves as an alternative to high yield bond funds. SGCIF focuses on community development and environmental restoration – investing in strong leadership with innovative solutions in any global region.
SGCIF’s investments have been chosen to provide a high yield with less risk than its traditional alternatives, and to outperform conventional alternatives. The Fund’s direct loans are secured with strong collateral and/or verified guarantees.
Q3 2013 Financial Update:
SGCIF slightly underperformed its benchmark, Barclays Corporate Bond/High Yield Bond 50/50 mix, for the quarter but outperformed for the year, quarter to quarter with 5.58% versus the blended index benchmark return of 3.6%. Regular interest payments have been paid/accrued by the various loans. We believe it is significant for earlier investors holding Anthurium Solutions that they recently inked their first significant commercial contract, a three-year strategic alliance with the 14th largest pharmacy group.
The only additional investment in SGCIF occurred at the end of the third quarter with a loan to MicroVest's Local Credit Fund. This fund is similar to the MicroVest Short Duration Fund which is held in Scarab Enhanced-Cash Fund. This fund makes loans to Microfinance Institutions for individual entrepreneurs and to Small to Medium-sized Enterprises in developing countries. The difference is that the managers of this fund are global currency experts who decide in which locations there is an advantage to invest in the local currency with an expected boost to the yield over time.
of track record
the year funded
3Sisters Sustainable Management
Headquarters location: United States of America
Other funds managed by this asset manager: Scarab Green Real Assets FundScarab Enhanced-Cash Fund
Equal rights to ownership basic services technology and economic resources
Encourage companies to adopt sustainable practices and sustainability reporting
Improve water quality, wastewater treatment and safe reuse
Expand and upgrade energy services for developing countries
Increase access to financial services and markets
Asset manager: 3Sisters Sustainable Management
Product track record: Fund has 11 years of track record
Target IRR: 6%
Committed Capital: 6,900,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Inception year: 2012
Vintage year: 2012
Target region: Global
Target close date: n.a.
Product term: 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: 9
Fund investments to date exited or repaid: 5
Management fee: 1.5%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Confidential
Limited Partner / Investor Type: Family Office
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Phone number: 2155254857 x103
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SGCIF focuses on community development and environmental restoration – investing in strong leadership with innovative solutions in any global region.
SGCIF invests in companies or funds in the Education, Fair Trade, Sustainable Agriculture, Microfinance, Green Affordable Housing, Supportive Housing and Small Business Development sectors.