Portfolio Dashboard
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| Company | Country | Instrument | Entry | Cost (USD) | FMV (LC) | QoQ FMV | Multiple (LC) | IRR (LC) | Risk |
|---|---|---|---|---|---|---|---|---|---|
| IIAF II Total | $28,577,882 | — | — | 1.00× | -0.3% | — | |||
- Fund has 10 outstanding portfolio companies as of Sept 30, 2024: Medkart, Trellis, Azaylla, HROne, Butterfly, Taleem, WorkIndia, Goldfin, UCIC and SynPitarn. Total deployment USD 28.6m. 4 investments were completed in Q3 2024: USD 3.0m follow-on HROne, USD 330k follow-on WorkIndia, USD 100k follow-on Goldfin, USD 483k new Syn Pitarn.
- Q3 2024 valuation changes:
- FX: Cumulative inception-to-date FX losses USD 802k. USD 119k FX loss in Q3 2024 from depreciation of INR (-0.5%).
- NAV per share: USD 0.82 vs. USD 1.00 subscription price.
The Fund Manager continued follow-up meetings on ESG periodic monitoring and outstanding ESAP action points. No material events were reported in Q3 2024.
ESG Manager and country teams presented full ESG updates for each portfolio company at the semi-annual E&S Panel of DFI LPs in July. Butterfly's M-CHAT TA project completed in Q3; web-based autism screening tool launched for 18–24 month-olds. Butterfly subsequently started a new BII Last Mile Distribution project (SaaS Product for Gov't Schools). Additional TA projects with Taleem, WorkIndia, and UCIC are in approval discussions, with WorkIndia's expected to launch in early 2025.
| 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.