Azure Partners plans a second fund investing in microfinance private equity funds, the Azure Microfinance Private Equity Fund of Funds.
The fund will adopt a “four steps investment strategy”, the asset manager says, aimed at giving investors access to a fast growing, de-correlated industry, with low volatility.
Its portfolio, which will be capped at $100 million for ten years, will be diversified in terms of both geographical allocation and risk.
The investment strategy will focus on worldwide allocation, local fund managers, first or second funds, and small fund sizes.
Azure Partners launched its first global microfinance fund of funds, the Azure Global Microfinance Fund, in October last year.
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