MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $5m to Microfinance Institutions (MFIs) in Azerbaijan, El Salvador, Tajikistan

Two funds controlled by Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, have distributed credits worth approximately USD 5 million to unspecified microfinance institutions (MFIs) in Azerbaijan, El Salvador and Tajikistan. USD 1 million of the total was disbursed to a microbank in Azerbaijan, which provides services including savings and insurance in rural parts of the country.

As of May 2014, APM reported that its Vision Microfinance Dual Return Funds held combined assets of USD 310 million.

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 total assets of USD 310 million under management, as of May 2014. APM is a unit of Austrian Fund Group C-Quadrat.

Sources and Additional Resources

[1] Information provided to MicroCapital by APM, June 5, 2014

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

MicroCapital, February 9, 2013: Austria’s Vision Microfinance Funds Loan $5m to MFIs in Colombia, Mexico, Paraguay

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, November 2, 2012: Absolute Dual Return-Vision Microfinance Fund Invests $3.2m in FINCA Russia, AzerCredit of Azerbaijan, Bank Constanta of Georgia, Mikrofin of Bosnia and Herzegovina

MicroCapital Universe Profile: Absolute Portfolio Management

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