MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $34m to Microfinance Institutions (MFIs) in Latin America, South Asia

During July 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 34 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ecuador, India, Nicaragua, Paraguay and Sri Lanka. USD 2.5 million of this total was invested in the MFI in Sri Lanka, which is based in Rajagiriya and provides financial services in rural areas with the goals of increasing employment, gender equality and environmental awareness. Founded in 2008, the MFI employs 980 people and provides services to 367,000 clients. The MFI also offers non-financial services, including scholarships, seminars and the construction of bio gas plants. Financial information on the organization is not available, but it has endorsed the Smart Campaign’s Client Protection Principles.

C-Quadrat Asset Management is an Austria-based provider of investment services relating to 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 July 2016. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets of EUR 5.7 billion (USD 6.4 billion) in 19 countries in Europe and Asia as of December 2015.

By Petra Barbu, 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 386 million under management as of July 2016. C-Quadrat Asset Management is a unit of Austrian fund group C-Quadrat, which manages assets equivalent to EUR 5.7 billion (USD 6.4 billion) in 19 countries in Europe and Asia as of December 2015.

About Dual Return Vision Microfinance Fund

The Dual Return Fund is a sub-fund of Vision Microfinance, both of which were created in 2006 by Absolute Portfolio Management GmbH, an Austrian investment company with a focus on microfinance in developing countries. As of July 2014, its annual label was 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 were created in 2006 and report combined assets of USD 386 million under management as of July 2016.

Sources and Additional Resources:

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

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

[3] MicroCapital Universe Profile: Smart Campaign

[4] MicroCapital Universe Profile: Dual Return Vision Microfinance Fund

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