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Enabling Qapital

EMF Microfinance Fund

  • Founded in 2008, a pure private debt strategy
  • Diversified across countries, MFIs and maturities
  • Stable, uncorrelated returns targeting a net performance of 2-3% above the risk-free rate
Fund documents
EMF Microfinance Fund
EMF Microfinance Fund investment strategy

Investment Strategy

Founded in 2008, the EMF Microfinance Fund has maintained a pure private debt strategy since inception, providing financing to financial institutions (FIs) across emerging and frontier markets. Through systematic hedging of all currency exposures into USD, the fund aims to deliver stable, uncorrelated, and attractive returns while advancing financial inclusion worldwide.

EMF is built around capital preservation and long-term growth, targeting net returns of 2-3% above SOFR. The fund is diversified across a broad range of countries, financial institutions, and maturities, while maintaining a strong liquidity profile.

Enabling Qapital combines deep local expertise with a global investment team spanning emerging and frontier markets. Its investment approach is supported by a rigorous proprietary methodology, extensive on-site due diligence, and a robust underwriting and risk management framework.

Fund characteristics/Share Class Overview

CharacteristicsValue
Fund Inception2008
Asset ClassPrivate Debt
StatusFundraising/open-ended
CorrelationLow-negative
CustodianLiechtensteinische Landesbank Aktiengesellschaft
SFDR classificationArticle 9
LiquiditySubscription and redemption at net asset value
SubscriptionMonthly as per 30th
RedemptionFoundation and Family Office Share Class: monthly with 30 days notice (Each investor may redeem not more than 1% of Sub-Fund’s NAV (last available NAV). If more than 1% of Sub-Fund’s NAV are redeemed, a redemption period with 90 days notice is applied). Institutional Share Class: monthly with 90 days notice.
NAV FrequencyMonthly

  • Institutional Share Class

    Currency
    USD
    Management fee
    1.20%
    TER
    1.51%
    Minimum subscription
    5’000’000 USD/EUR/CHF
    ISIN distributing
    LI0562930367
    ISIN reinvesting
    LI0542527226

  • Family Office Share Class

    Currency
    USD
    Management fee
    1.45%
    TER
    1.75%
    Minimum subscription
    1’000’000 USD/EUR/CHF
    ISIN distributing
    LI0542527192
    ISIN reinvesting
    LI0477626506

  • Foundation Share Class

    Currency
    USD
    Management fee
    1.85%
    TER
    2.14
    Minimum subscription
    1'000 USD/EUR/CHF
    ISIN distributing
    LI0146840744
    ISIN reinvesting
    LI0146840751

SDG’s addressed

The EMF Microfinance Fund directly supports 7 of the 17 SDG’s.

Seven Sustainable Development Goals addressed by the EMF Microfinance Fund

Fund Documents

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Enabling Impact

  • Spotlight on South Africa | Pricilia Rammekwa | SEF

    Spotlight on South Africa | Pricilia Rammekwa | SEF

    Enabling Impact

    Portfolio performance in inclusive finance is closely linked to how well financial services support clients’ everyday financial needs. The story below offers a snapshot of how one borrower of the Small Enterprise Foundation (SEF) has used microfinance to strengthen her household’s stability.

  • Spotlight on Madagascar | Lucien Mac | SIPEM

    Spotlight on Madagascar | Lucien Mac | SIPEM

    Enabling Impact

    In Madagascar – home to 30 million people and some of the world's most unique biodiversity – small business owners face a common challenge: access to capital.

Contact

EMF MICROFINANCE FUND DISCLAIMER

We are delighted that you are interested in our product and would like to draw your attention to the following legal notice, to which you consent expressly by clicking on “Proceed” below. Thank you very much for your attention. If your country of domicile and investor profile isn’t available Please contact us for further information.

Institutional Client

You are likely to be an Institutional Client if you are:

  1. an entity required, under the laws of the jurisdiction in which you carry on business, to be authorized or regulated to operate in the financial markets (which includes but is not limited to financial intermediaries such as: banks, investment firms, broker dealers, insurance companies, insurance intermediaries, funds, pension funds or management companies);
  2. a large undertaking (the term ‘undertaking’ includes corporates, partnerships and unincorporated associations);
  3. a national government, central bank, international or supranational institution;
  4. a regional government, sub-national organization or state-owned agency that manages public debt; or
  5. an institutional investor whose main activity is to invest in financial instruments, which includes entities dedicated to the securitization of assets or other financing transactions.

The term Institutional Client in particular covers professional clients in terms of MiFID and AIFMD or equivalent rules outside the EU, certain investors deemed to be professional investors based on local law (such as “well informed investors” in Luxembourg).

Qualified Investor

You are likely to be a Qualified Investor if you are:

  1. a regulated financial intermediary such as a bank, a securities firm, a portfolio manager, a trustee, a fund management company or and an asset manager of collective investment schemes or an insurance company;
  2. a central bank, a public entity with professional treasury operations, a national or supranational public entity with professional treasury operations;
  3. an occupational pension scheme with a professional treasury operations or other occupational pension institution providing professional treasury operations;
  4. a company or a private investment structure with professional treasury operations for HNW private clients;
  5. a large company exceeding two of the following parameters: (a) balance sheet total of CHF 20 million; (b) turnover of CHF 40 million; equity of CHF 2 million;
  6. a private client who has concluded a permanent asset management agreement or a permanent advisory agreement in writing with a financial intermediary or an independent asset manager pursuant to Swiss law unless they have declared in writing that they do not wish to be treated as such. Such declaration must be made in writing or in another form demonstrable via text.

The term Qualified Investor pursuant to CISA covers in particular professional clients and institutional clients in terms of the Swiss Financial Services Act (FINSA).

You are kindly requested to contact us should you not fall within one of these categories of “Qualified Investor”.

Private Client

You are likely to be a Private Client if you do not qualify as an Institutional Client as defined below. However, if you are an experienced investor or high net worth, you may (upon request and careful consideration) be eligible for treatment similar to that of an institutional client. Please contact us.

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