Welcome to WaterEquity’s Everspring Fund
Everspring Fund
Global investment in water supply and sanitation must triple to ensure universal access to safely managed water and sanitation. Increasing private investment is essential to reach the necessary investment levels. Through its first four private debt funds, WaterEquity has demonstrated that local financial institutions can successfully launch and scale microloan products to finance water supply and sanitation facilities for emerging consumers, particularly females.
The WaterEquity Everspring Fund has a single purpose: to help end the global water and sanitation crisis. Specifically, the fund intends to act as a perpetual source of capital for financial institutions to scale their water and sanitation lending portfolios to meet local demand. The fund will make loans to financial institutions who then on-lend capital to local households and businesses with a mandate to increase access to safe water or sanitation among low-income communities.
Highlights
- First Close: 2025 and quarterly thereafter
- Asset class: Private Credit 3(c)7 fund for Qualified Purchasers
- Fund size: Target $20 million to $100 million in first year of operation
- Term: Evergreen – Perpetual life strategy
- Target returns: LP Interest: 4-6% annual NAV appreciation targeted; No distributions. Notes: 1.5-2% depending on tenor (1-3 years)
- Geography: East Asia and the Pacific, Latin America and the Caribbean, South Asia, Middle East and North Africa, Eastern Europe and Central Asia, and Sub-Saharan Africa
- Impact: Cornerstone vehicle for WaterEquity’s strategy to reach 100 million people with safe water and sanitation
- Ultimate Goal: Provide a perpetual source of capital for safe water and sanitation lending globally