As a microfinance investment specialist, BlueOrchard Finance: |
- Co-manages the Dexia Micro-Credit Fund , the first private worldwide and fully commercial microfinance investment fund sponsored by Dexia-BIL Bank in Luxembourg.
- Co-manages the Saint-Honoré Microfinance Fund , sponsored by the Compagnie Financière Edmond de Rothschild Banque; acting as a fund of funds, it invests in a broad array of apex debt investment vehicles targeting microfinance institutions at a local, regional or international level.
- Advises the Banco Bilbao on investments made form the BBVA Codespa Microfinance Fund , a fund used for loans to microfinance institutions in Latin America; partially unhedged.
- Advises the ResponsAbility Global Microfinance Fund since December 2003, and acts as a partner for its microfinance debt segment. BlueOrchard selects and carries out the due diligence of all the investments in the fund segment for which it is responsible.
- Acts as the servicer for BlueOrchard Microfinance Securities I , a Special Purpose Vehicle (SPV) registered in Delaware (USA) in 2004. The first of its kind, this Collateralized Debt Obligation offers 7-year loans at fixed rates to 14 outstanding microfinance institutions in 7 emerging markets for a total of USD 80.3 million. The Overseas Private Ivestment Corporation (OPIC) acts as senior lender to the SPV.
- Sponsors and services BlueOrchard Loans for Development 2006 (BOLD 1) , the second CDO launched by BlueOrchard Finance in 2006. Innovative features include local currency funding for 25% of the total portfolio. This deal reached USD 99.6 million and funded 21 MFI in 13 emerging economies with 5-year loans at fixed rates. Morgan Stanley acted as arranger and placement agent.
- Sponsors and services BlueOrchard Loans for Development 2007 (BOLD 2) , the third CDO launched by BlueOrchard Finance in 2007. IThis was the first microfinance CDO ever to be rated by a major rating agency (Standard & Poors). Again, a large part of the total loan portfollio was in local currency (57.5%). This deal reached USD 110.2 million and funded 20 MFI in 12 emerging economies with 5-year loans at fixed rates. Morgan Stanley acted as arranger and placement agent. This microfinance investment vehicle received the Financial Time's "Sustainable Deal of the Year" award in 2008.
Latest news
Dexia Micro-Credit Fund receives LuxFLAG microfinance investment vehicle label again
The Luxembourg Fund Labeling Agency (LuxFLAG) renewed the label delivered in 2007 to the Dexia Micro-Credit Fund.
The Luxembourg Fund Labeling Agency (LuxFLAG) renewed the label delivered in 2007 to the Dexia Micro-Credit Fund.