FIRST Brazil Impact Investing Fund
Impact investing fund focusing on high-growth companies that deliver essential services and products to low-income families in Brazil.
Fund Objective: Invest growth capital in companies that deliver essential products and services to the working poor in Brazil, defined as the 110M people who live on US$30/day or less. Target Sectors: Education, Healthcare, Housing, Financial Services. Target Fund Size: US$125 million with a hard cap of US$200 million Life of Fund: 10 years. Management Fee: 2.0%, Incentive Fee: 20% over benchmark 8% p.a.Target IRR of Fund: 20% yr