Dutch fund manager Capital 4 Development Partners has secured the first close of its $30-million Capital 4 Development Asia Fund.
According to an official statement, its investors include ICCO Corporation, Dutch Good Growth Fund, FCA Investments and Investing in Women, an initiative by the Australian Government. The fund aims to hit its final close of $50 million by the end of 2019.
The Capital 4 Development (C4D) Asia Fund is an impact fund which invests in growth stage companies in India, Indonesia, and the Philippines. It targets companies which address local challenges or industry inefficiencies, and also invests in women-led or owned companies. According to C4D Partners, at least 30 per cent of its capital is set aside for investments in women-led projects. C4D currently has 21 companies in its portfolio.
Mark Joenje, Managing Partner and CEO of C4D Partners: “With the first closing of the C4D Asia Fund, we will finance the growth of over 50 SMEs, enabling job creation and bringing solutions to people who still have little opportunities to secure their livelihoods and develop themselves. With our local team and strategic network, we support our portfolio companies to grow and mature and achieve the impact that benefits local societies.”
C4D Asia Fund also includes an “Investee Support Facility” (ISF) to assist its portfolio companies. The ISF offers non-financial support to help SMEs scale, improve performance rates, increase positive social-economic impact, and decrease investment risks. The ISF is separately structured and financed with grants.