ILX Fund

SDG Focused 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 development finance, capital markets and fund management, including the EBRD, FMO, UBS, ING, ABN AMRO and Deutsche Bank.

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 investors as well as to provide its investors with the opportunity to have a 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).

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

Commercially Attractive

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

Sustainable investments (ESG & SDG)

ILX will identify, measure and report SDG-related results in a uniform manner, leveraging DFI reporting practices. For all investments, ILX will avoid, minimize and mitigate potential ESG negative risks, building on DFI safeguarding

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, which are mainly arranged in markets that are under-represented in the EM bond markets, show low correlation to global credit shocks

Scalable & Long Term Asset Class

The ILX strategy provides a scalable long-term investment opportunity, initially establishing a USD 1 billion investment portfolio, invested within 3 years and with the goal to become a multi-billion evergreen fund

Global Pipeline & Access

ILX will be unique in selectively participating in syndicated private sector  loans originated by all global DFIs that are seeking institutional co-financing.

ILX Fund

INVESTMENT PHILOSOPHY

The investment philosophy of ILX is to deliver attractive risk-adjusted returns to its investors over the long-term whilst mitigating ESG risks and delivering positive, direct SDG-related impact results by investing in loans that contribute to the ILX Sustainability Themes

INDICATIVE CHARACTERISTICS

 
USD mln Target Fund Size
 
Projects
 
Years of Historical Development Finance Asset Class Data
OUR VISSION
By 2030 global institutional investors will make significant allocations to emerging markets, directly supporting the UN Sustainable Development Goals (SDGs).
OUR MISSION
To create large scale investment opportunities in global Development Finance that directly contribute to sustainable development across emerging markets.
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.

SUSTAINABILITY STRATEGY

ILX’s sustainability strategy is fully integrated with its investment strategy and is based on three key pillars aiming to safeguard the ESG risks and measure the SDG contribution of every investment.

Sustainability Strategy
OPERATING PRINCIPLES

ILX, as a founding member of the Operating Principles for Impact Management, discloses its alignment with the 9 principles, which act as a guiding framework to integrate impact management best practices throughout the investment lifecycle

ILX DISCLOSURE STATEMENT

Link to ILX's Disclosure Statement

Please click here for ILX’s Disclosure Statement

ILX Fund

INVESTMENT THEMES

With its multi-originator model ILX has sufficient pipeline to build-up a well-diversified portfolio across different sectors. The four ILX thematic focus areas directly contribute to the UN Sustainable Development Goals (SDGs) across environmental, social and economic dimensions

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 Vice…
    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…
    CEO Cardano Development
  • Tanja Pelle

    Tanja is an emerging market professional with over 25 years of experience in investment banking, development finance and private equity fund structuring and consultancy…
    CRO/COO
  • Magchiel Groot

    Magchiel is responsible for sourcing, analysing and executing transactions for the Fund's portfolio. He has 25+ years of experience in corporate banking, project &…
    Magchiel Groot
    Investment Manager
  • Jordy van der Drift

    During the incubation phase of ILX, Jordy has been responsible for assessing the financial risk versus performance of development finance loans. Within the Cardano…
    Investment Manager
  • Luz Martinez

    Luz is responsible for designing and implementing the sustainability strategy of the Fund. Prior to joining ILX Luz coordinated a portfolio on financial inclusion…
    Sustainability Manager
  • Jan van der Beek

    Jan is the Financial Controller within the Cardano Development Group. Prior to joining Cardano Development, he worked for 8 years at Cardano Risk Management…
    Admin, Finance & IT
  • Michiel van der Valk

    Michiel is a financial professional with over 25 years of experience in the financial sector. He worked across the financial sector in banking (Rabobank),…
    Risk & Operations
  • 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…
    Investor Relations
  • Victoria Walker

    Victoria is supporting the Fund with sustainability analysis. Prior to ILX, Victoria worked as a Financial Consultant for JDX, and as Junior Economist at…
    Sustainability Analyst
  • Fleur Henderson

    Fleur is responsible for Marketing and Communications within ILX. She is an emerging markets marketing and communications professional with over 15 years of experience.…
    Marketing & Communication
Media

LONG-TERM INFRASTUCTURE PANEL

An event organised by Uxolo

AFTER MOVIE - ILX SEMINAR

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