MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $14m to Microfinance Institutions (MFIs) in Armenia, China, India, Peru, Tajikistan

Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, recently informed MicroCapital that it has distributed credits in several currencies that total approximately the equivalent of USD 13.5 million to unspecified microfinance institutions (MFIs) in Armenia, China, India, Peru and Tajikistan through its Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency. A total of USD 5.75 million was distributed to a Bangalore-based MFI whose stated mission is to “transform and uplift the lives of poor and low-income families with micro-finance and other development services.” The MFI lends predominantly to women in rural areas of the country and also offers business training and health awareness workshops to its clients.

As of June 2014, APM reported that its Vision Microfinance Dual Return Funds had assets under management totaling approximately USD 338 million [2]. As of November 2013, C-Quadrat reported total assets under management of EUR 4.8 billion (USD 6.3 billion) [3].

By Benjamin Krupp, Research Associate

About Absolute Portfolio Management (APM)

Absolute Portfolio Management GmbH (APM) is an Austria-based asset management company that offers investment and advisory services in microfinance and other sectors. The firm’s Dual Return – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report combined assets of USD 338 million under management as of June 2014. APM is a unit of Austrian Fund Group C-Quadrat, which, as of November 2013, manages assets equivalent to EUR 4.8 billion (USD 6.3 billion).

Sources and Additional Resources

[1] Information provided to MicroCapital by APM, July 25, 2014

[2] C-Quadrat: Annual Financial Statement 2013

[3] C-Quadrat: Press Release November 2013

MicroCapital, June 30, 2014: Absolute Portfolio Management’s Vision Microfinance Funds Loan $9.4m to Microfinance Institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka, Tanzania

MicroCapital, June 6, 2014: Absolute Portfolio Managements’ Vision Microfinance Funds Loan $5m to Microfinance Institutions (MFIs) in Azerbaijan, El Salvador, Tajikistan

MIcroCapital, March 17, 2014: Absolute Portfolio Management Lonas $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

MicroCapital, January 14, 2013: Austria’s Absolute Portfolio Management Loans $11m to Microfinance Institutions Through Vision Microfinance Fund, Including $1.5m to Pro Mujer Bolivia, $1.5m to PRICE Tanzania, $750k Renewed to FINCA Tanzania

MicroCapital Universe Profile: Absolute Portfolio Management

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