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SEAF Caucasus Growth Fund LLC

United States of America

Last updated 13 May 2020, by Impactyield.

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SEAF is seeking to establish the SEAF Caucasus Gorwth Fund with LP commitments for a first closing of US$35 million. The Fund will make investments in small and medium-scale companies in the Caucasus region through a blended instrument strategy. The Fund will provide investments with a double bottom line mission: to promote socially responsible economic development in the region while generating a competitive return on investment.

Having managed a fund in Georgia since 2007 (see the Georgia Regional Development Fund), SEAF has a deep knowledge of the regional market. SEAF's existing fund in Georgia is limited to that country and is focused on specific sectors (especially tourism and agribusiness). For this new Fund, SEAF expects to build a broadly diversified portfolio across multiple sectors that will be particularly well positioned to produce income and capital appreciation as the regional economy expands over the life of the Fund.



Financial description

SEAF Caucasus Growth Fund will primarily make "mezzanine" investments, which are investments that combine features of equity and debt, including participatory loans, preferred equity, and other financial instruments.
SEAF strongly believes that by employing a combination of debt and equity features with appropriate exit mechanisms, a mezzanine investment approach can provide consistent portfolio returns and enhanced investor controls while retaining the potential for significant capital appreciation.
The Fund may also make strategic equity investments in those portfolio companies that show the greatest potential for expansion and growth.

13 years

of track record

2010

the year funded

50,000,000 USD

AUM

Interested in this fund?
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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.

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: SEAF

Product track record: Fund has 13 years of track record

Target IRR: 16%

Committed Capital: 40,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2010

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: 10 years

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 1,000,000; Max: 4,000,000; Avg: 2,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 2

Fund investments to date exited or repaid: 0

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: 6.00%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors

Contact

E-mail: contactus@seaf.com

Website: http://www.seaf.com

Phone number: 1-202-737-8463

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Amands Fomicevs

Managing Director

Armands Fomicev

Managing Director

Mildred Callear

Executive Vice President

Impact Performance

n.a.

Impact thesis

SEAF tracks the developmental impacts of its investments in SMEs in emerging markets. Through its experience, SEAF has learned that fostering profitable, competitive local enterprises is a fundamental step in achieving sustainable development. Its partnerships with SMEs generate measureable results, increasing employment and wages for workers, creating business opportunities for local suppliers, and improving the quality and availability of products and services for the local community. Through case studies and data collection, SEAF calculates unique metrics on its investments across its portfolio.
SEAF’s analysis shows that for every $1 invested in an SME, an additional $12 in benefits returns to the community through a variety of stakeholders—from employees, suppliers, customers and competitors, to local governments and communities. As these businesses modernize and grow stronger, so do local families and communities. With the stable jobs, growing incomes, and valuable job training provided by SMEs, families can plan for their futures – investing in housing, health care, and education that can end the cycle of poverty and build the foundation for a more prosperous society.

Impact Management

n.a.

Financial benchmark