Scarab Global Community Impact Fund

United States of America

Last updated 21 April 2020, by Impactyield.

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Fund geography

Global (48)

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.


Asset class

,

Fund style

Not listed


Financial description

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.

10 years

of track record

2012

the year funded

n.a.

AUM

Asset manager

SDG goals

SDG targets

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

Impact Category

Fund overview

Asset manager: 3Sisters Sustainable Management

Product track record: Fund has 10 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:

Product status:

Style/Stage:

Inception year: 2012

Vintage year: 2012

Target region:

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:

Currency of investments:

Currency for fund / product figures:

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

Contact

E-mail: butler@3sistersinvest.com bingham@3sistersinvest.com

Website: https://www.3sistersinvest.com/

Phone number: 2155254857 x103

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Kyle Hutchin

Marketing & Sales Support

Impact Performance

n.a.

Impact thesis

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.

Impact Management

n.a.

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