MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru, Romania, Including $3m for Education Lending

Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru and Romania. USD 3 million of this total was invested in an MFI headquartered in Windhoek, Namibia, which provides student loans with maturities ranging from one to five years to cover tuition and study materials. Founded in 2005, the MFI serves approximately 43,000 clients and has 54 employees. Financial information on the MFI is not available.

C-Quadrat portfolio manager Stefan Gartler says, “The strong interest of investors in both microfinance funds led to a strong increase in assets under management of both Dual Return Funds over the last few months.” 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 386 million under management as of the end of August 2016. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of May 2016.

By Michelle Dold, Research Associate

About C-Quadrat Asset Management GmbH

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 386 million under management as of the end of August 2016. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.3 billion (USD 5.9 billion) as of May 2016.

About Dual Return Vision Microfinance Fund & Dual Return Vision Microfinance Fund Local Currency

The Dual Return Fund and Dual Return Fund Local Currency are sub-funds of Vision Microfinance, all of which were created in 2006 by C-Quadrat Asset Management GmbH (formerly known as Absolute Portfolio Management GmbH), an Austrian investment company with a focus on microfinance in developing countries. As of September 2016, the funds’ annual labels were renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector. The Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency report combined assets of USD 386 million under management as of the end of August 2016.

Sources and Additional Information:

[1] Information provided to MicroCapital directly by C-Quadrat Asset Management

[2] MicroCapital Universe Profile: C-Quadrat Asset Management GmbH

[3] MicroCapital Universe Profile: Dual Return Vision Microfinance Fund & Dual Return Vision Microfinance Fund Local Currency

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