Pipeline Impact Investments

Alquity EIS (Round 2)

Location: London
Amount: USD 1,000,000
Instrument: Equity/Debt
Term: 5 years
IRR*: 8%
Project Impact: USD 500,000 donated so far

Overview

Alquity UK Limited owns Alquity Investment Management limited, a vibrant and fast-growing investment management company. Their approach combines altruism with sustainable equity management to generate attractive returns for investors, while positively transforming the lives of people in the areas in which they invest. The business completed a GBP one million capital raising in April 2013 through a tax efficient Enterprise Investment Scheme.

A debenture has been lodged against the parent company to reduce risks for debt investors.

 

Impact

Alquity invests in listed equities in frontier markets searching for growth and sustainable markets. A percentage of revenues for the business are then donated to microfinance in the areas they invest. To date, USD 500,000 has been donated impacting more than 18,000 lives.

 

Market Opportunity

Since funds were raised in early 2013, assets under management have grown four fold in 18 months from USD 23.4m to USD 95.5m. They have launched four additional funds in the period and now have 305 intermediaries writing business to Alquity. Performance to date for the flagship Alquity Africa Fund has been positive compared to relevant benchmarks and in June 2014 the business earned a performance fee of over GBP 500,000. Furthermore, initial indications this year for the four new funds are good, outperforming their specific indices and the majority of their peer group. 

*All projected IRR’s are exclusive of FX and tax implications 

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