IIAF II · Investors Update
Portfolio Dashboard
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Portfolio Update
Companies
ESG Update
Pipeline
1Financial Summary — Q2 2024
Total Deployed
$21.50m
Across 10 portfolio companies
NAV per Share
$0.82
vs. subscription price $1.00
Cost Multiple (LC)
1.00×
Portfolio weighted average
Portfolio IRR (LC)
0%
All investments held at cost
2Summarized Portfolio Company Metrics — Q2 2024
| Company | Country | Instrument | Entry | Cost (USD) | FMV (LC) | QoQ FMV | Multiple (LC) | IRR (LC) | Risk |
|---|---|---|---|---|---|---|---|---|---|
| IIAF II Total | $21,495,400 | — | — | 1.00× | 0% | — | |||
3Portfolio Allocation & Thresholds
Allocation Per Company ('000 USD)
Allocation Per Country ('000 USD)
Investment in Debt Instruments (% of total commitments)
4NAV Composition & Fund Commentary — Q2 2024
% of Total NAV by Company
Ranked largest to smallest · Q2 2024
India
Pakistan
Cambodia
Thailand
Fund Manager Commentary
- Fund has 10 outstanding portfolio companies as of June 30, 2024 (Syn Pitarn entered the portfolio in Q2 2024). The PPT lists nine outstanding portfolio companies — Medkart, Trellis, Azaylla, HROne, Butterfly, Taleem, WorkIndia, Goldfin and UCIC — for a total deployment of USD 21.5m. A USD 2.4m follow-on investment in Butterfly was completed in Q2 2024.
- Q2 2024 valuation:
- FX: Cumulative inception-to-date FX losses USD 682k. USD 38k FX loss in Q2 2024 from depreciation of PKR (-0.11%).
- NAV per share: USD 0.82 vs. USD 1.00 subscription price.
5Fund Performance — DPI · RVPI · TVPI (Net, USD)
Net Return Multiples over Time
Fund performance in USD · Net of management fees and expenses
DPI — Distributed
RVPI — Residual Value
Q4 2021 → Q2 2024 · Net USD
DPI (Net USD)
0.00×
Distributed to Paid-In
RVPI (Net USD)
0.82×
Residual Value to Paid-In
TVPI (Net USD)
0.82×
Total Value to Paid-In
Portfolio Companies — click to explore
1Fund-Level ESG — Q2 2024
Monitoring & No Material Events
The Fund Manager continued work with portfolio companies on periodic monitoring and implementation of outstanding action points from ESG Action Plans. No material events were reported in Q2 2024.
Q4 trainings: 6-part Climate Capacity Development Program (DGGF); Managing Business Integrity Risk in Impact Investing and Fraud Risk Management Workshop (BII). Impact-focused: Living Wage as a Driver of Sustainable Value (Anthos) and Impact Blueprint Training (ANDE). New TA project initiated for HROne (capacity building & innovation); Taleem productivity TA project successfully completed.
Active TA Projects — Q2 2024
UCICImplementation of Digital Impact Measurement and Management Systems (Delegated Authority)
WorkIndiaSales Onboarding Efficiency (Delegated Authority)
HROneIntegrated Capacity Building & Innovation for Growth & Market Leadership (Delegated Authority)
ButterflyCapacity Building for Operations and Clinical Excellence (Delegated Authority)
GoldfinStrategic Media Management to More Efficiently Target BoP Customers (Delegated Authority)
22X Gender Finance Alignment — Q2 2024
2X Certified Portfolio Companies
78% of portfolio 2X aligned
| Entrepreneurship | Leadership | Employment | Consumption | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Company | Women Ownership (≥51%) | Founded by Woman | Sector Threshold | Women Sr. Mgmt | Board-Level Women (30%) | Sector Threshold | Women in Workforce | Quality Indicator Beyond Compliance | Product / Service Benefits Women | 2X Aligned |
Sector thresholds vary by sector for the leadership and employment criteria, and represent the minimum a company must meet to qualify on that dimension.
Selected Pipeline — Q2 2024