MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $20m to Microfinance Institutions (MFIs) in Eurasia, Latin America, Tanzania

During December 2015, Austria’s C-Quadrat Asset Management issued loans worth the equivalent of USD 20 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Belarus, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Moldova, Paraguay, Peru, Sri Lanka and Tanzania. USD 5 million of this total was invested in an MFI based in San José, Costa Rica. The MFI, which was launched in 1966, uses a portion of its revenue to fund “scholarships, elderly support programs and trainings” [1]. Financial information on the organization is not available.

Known as Absolute Portfolio Management GmbH until 2012, C-Quadrat Asset Management GmbH provides investment and advisory services in the field of microfinance. The firm’s Dual Return Fund – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report combined assets of USD 283 million under management as of December 2015. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.4 billion (USD 6.1 billion) as of September 2015.

By Meredith Steih, Research Associate

About C-Quadrat Asset Management

Formerly known as Absolute Portfolio Management GmbH, C-Quadrat Asset Management GmbH is an Austria-based provider of investment and advisory services in microfinance. The firm’s Dual Return Fund – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency were created in 2006 and report combined assets of USD 283 million under management as of December 2015. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.4 billion (USD 6.1 billion) as of September 2015.

Sources and Additional Resources:

Information provided to MicroCapital directly by C-Quadrat Asset Management

MicroCapital Universe Wiki: C-Quadrat Asset Management

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/

Similar Posts: