Unitus Equity Fund, LP
Last updated 13 May 2020, by Impactyield.
The Unitus Equity Fund objective is to invest in microfinance institutions (“MFIs”), predominantly in India and otherwise in developing countries around the world, that demonstrate the potential to address the lack of access to financial services in developing nations.
For the Fund’s purposes, an MFI is defined as any organization engaged in extending microcredit loans or other financial services to enterprises owned by members of disfranchised communities or otherwise provide loans or other financial services to members of disfranchised communities.
Unitus Equity Fund primarily targets MFIs that have a clearly demonstrated capacity and willingness to design, implement and grow a successful microfinance program.
The Fund will make its Investments solely in microfinance organizations. The Fund will not invest more than 20% of the aggregate principal amount of committed Investments in any country other than India. No Investment will represent more than 20% of the total Investments of initial capital, except under extraordinary and temporary conditions and as approved by the General Partner’s Board of Directors.
of track record
the year funded
Headquarters location: United States of America
Other funds managed by this asset manager: Elevar Equity II, LP
Key performance indicators
Asset manager: Elevar Equity
Product track record: Fund has 17 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Product status: Closed - no longer investing
Style/Stage: Growth Stage
Inception year: 2006
Vintage year: 2006
Target region: Asia, Emerging countries
Target close date: n.a.
Product term: 10
Assets under management: n.a.
Investment size: Min: 0; Max: 0; Avg: 0
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 6
Fund investments to date exited or repaid: 1
Management fee: 2.5%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Other Institutional Investors
Phone number: 425-749-7028
If you wish to have your details removed from this database please email firstname.lastname@example.org
Unitus Equity Fund expects to generate social value by:
-Supporting the growth of MFIs which are servicing disfranchised communities in their formative developmental stages
-Helping to raise income levels for microentrepreneurs living among disfranchised communities
-Increasing the visibility of microfinance as a viable investment vehicle among private sector investors, with a view toward narrowing the capital shortfall which characterizes the microfinance industry globally through the Fund’s returns.