ILX Fund

SDG Targeted Emerging Market Credit Fund

Solar Energy
ABOUT US

ILX is setting up an Emerging Market (EM) focused private credit fund that will invest in a diversified portfolio of loan participations originated and structured by bilateral and multilateral Development Finance Institutions (DFIs). These hard currency denominated loan participations provide medium and long-term finance to projects and companies across core sectors, such as: infrastructure, renewable energy, agribusiness, manufacturing and financial institutions.

The ILX management company will be owned by Cardano Development, which has over 10 years of experience in establishing and managing innovative development finance funds (AUMs US$3.9 billion over 4 funds, 71 FTEs). The ILX management team has on average over 25 years of senior experience in in development finance, capital markets and fund management, including: the EBRD, FMO, UBS, ABN AMRO and ACTIAM.

Through investing in a diversified portfolio of loan participations originated and structured by DFIs, ILX will balance risk and return to create long-term value for its clients as well as to provide its clients with the opportunity to have positive environmental and social impact across EMs.

As ILX will co-invest with DFIs, that have long standing development mandates and prudent risk mitigation procedures, its investments go beyond ESG safeguarding and will contribute to the achievement of the UN Sustainable Development Goals (SDGs).

'To go from billions in official assistance to trillions in investments, we will have to push even further our willingness to collaborate through creative partnerships'
Jim Yong Kim, President, World Bank
ILX Fund

INVESTMENT CONSIDERATIONS

Scalable US$1 billion unleveraged private credit investment strategy, participating in syndicated Emerging Markets private sector loans, co-investing with leading global Development Finance Institutions

Attractive Risk-Return

ILX analysis of the 7000+ DFI-originated private sector EM loans since the 1990’s, show historical returns that are comparable to and less volatile than similar credit asset classes such as HY, LF and EMC.

High SDG Impact

DFIs play a leading role in safeguarding ESG risks and managing positive impact. ILX will utilize DFI SDG impact indicators to target and report the portfolio’s contributions to key Sustainable Development Investment (SDI) themes.

Dedicated Fund Manager

ILX will be managed by a diverse team with on average over 20 years of experience in global investments, EM, private debt, impact and development finance, and will implement a disciplined and specialized investment process.

Additional Diversification

DFI-originated loans, mainly arranged in markets that are under-represented in the EM bond markets. Their credit risk and valuation show low correlation to global credit shocks and a stable performance through crisis periods.

Scalable Asset Class

The ILX fund strategy provides a scalable long-term investment opportunity, initially establishing a US$1 billion investment portfolio, invested within 5 years. The DFI strategies will enable co-investments and follow-on funds.

Unique Market Access

ILX has close relationships with all syndicating private sector-focussed DFIs. This enables ILX to have access to a broad range of potential investment opportunities, across all EM regions and sectors.

After Movie

SEMINAR

OUR MISSION

The ILX investment strategy provides institutional investors access to attractive private credit investments with demonstrable SDG-targeted development impact across Emerging Markets. The SDGs have clearly identified the need for substantial additional long-term private sector financing for the Emerging Markets. ILX provides institutional investors efficient access to these opportunities by leveraging the well-established development finance infrastructure of the DFIs.

MEASURABLE IMPACT

Indicative Impact Results

 
Farmers Reached
 
MWh/y
Renewable Electricity
 
m3
Wastewater Treated
 
Patients & Students Served
INVESTMENT STRATEGY

ILX will invest in syndicated loans originated and structured by DFIs, thereby co-investing pari-passu with these DFIs in high-impact private sector loans in EMs. As an independent manager, ILX will apply a disciplined investment process to source, analyse and select loans originated by all leading DFIs. This results in a scalable investment strategy and a well-diversified portfolio optimised to achieve the fund’s investment objectives.

ILX Fund

SECTOR DIVERSIFICATION

With its multi-originator model ILX has sufficient pipeline to build-up a well diversified portfolio across different sectors.

Dedicated Fund Manager

THE TEAM

ILX will be managed by a uniquely experienced team with on average over 20-years of global investment, EM and development finance experience, alongside the Cardano Development group’s other EM focused funds

  • Manfred Schepers

    Manfred is leading the ILX initiative and brings 30+ years’ experience in both development finance and international capital markets. From 2006-2016 he was President …

    CEO
  • Joost Zuidberg

    Joost has been with Cardano Development since its inception, as the CEO of the TCX Investment Management Company from 2007. Since early 2015, his …

    CIO
  • Tanja Pelle

    Tanja is an accomplished international emerging markets professional with over 25 years of experience in investment banking, development finance and private equity fund structuring …

    COO
  • Jordy van der Drift

    Jordy is responsible for assessing the financial risk versus performance of development finance loans. Prior to joining ILX, Jordy worked as a consultant at …

    Senior Financial Analyst
  • Jeroen Zuurmond

    Jeroen is a senior advisor to ILX with over 25 years experience in investment management and investment banking, with particular expertise in the loan …

    Senior Advisor
  • Arnold Gast

    Arnold is a senior advisor to ILX with extensive experience in asset management. Prior to joining ILX Arnold was CIO at Actiam and before …

    Senior Advisor
  • Berend Nix

    Berend joined ILX as a financial analyst. Prior to joining ILX Berend completed internships at Bencis Capital Partners, ABN AMRO and De Brauw Blackstone Westbroek. Berend holds a MSc in Economic History from the London School …

    Financial Analyst
  • Luz Martinez

    Luz is responsible for designing and implementing the impact investment strategy. Prior to joining ILX Luz advised UN´s capital investment agency and worked at …

    Impact Specialist
Additional Information

CONTACT INFORMATION

Due to confidentiality reasons it is not possible to show detailed information publicly on our website. Please use one of the following contact methods to request more information.

Give Us A Call

+31 20 760 4025

Office Location

Mauritskade 64
1092 AD Amsterdam
The Netherlands

Send Us A Message

info@ilxfund.com
ILX Fund | SDG Targeted Emerging Market Credit Fund