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BlueOrchard Finance

BlueOrchard Impact Credit Fund

BOIC

Overview

Manager:
BlueOrchard Finance
Manager Location:
Zurich, Switzerland
Manager Website:
www.blueorchard.com
Fund Website:
www.blueorchard.com/products/blueorchard-impact-credit-boic/
Contact Email:
hidden@example.com
Contact Phone:
+12 34 5678 9012
Fundraising Status:
Open
Regime:
RAIF (Lux)
Fund Domicile:
Luxembourg
Term:
Perpetual Life
Vintage:
2022
Inception Date:
Nov 1, 2022
Fund Size:
$51M (as of Sep 30, 2025)
Base Currency:
USD
Investor Type:
Non-retail, Institutional
Authorised for Sale:
Austria, Belgium +14 more

Strategy

Asset Class:
Private Debt
Sub-Asset Class:
Direct Lending
Underlying Investment Type:
Primary
Strategy Description:
BOIC invests in privately originated, short- to mid-tenor loans across emerging and frontier markets - primarily senior facilities to financial institutions that expand responsible finance, plus direct loans to SMEs delivering climate and environmental solutions - within a broadly diversified portfolio. It is managed as an SFDR Article 9 strategy using BlueOrchard's B.Impact framework with a modest cash sleeve for liquidity.
Geographic focus:
Emerging Markets, Frontier Markets, East Asia, Central Asia, South Asia, Central America, Caribbean, Caucasus, Sub-Saharan Africa, South America
Sector focus:
Financials, SME Lending, Digital Payments, Renewable Energy, Climate Adaptation
No. of Investments:
25 (as of Sep 30, 2025)
Focus Investment Type:
Secured Debt, Unsecured Debt
Other Focus:
Impact Investing
Leverage:
-
Investment Limits:
-

Allocations

Sector Breakdown

as of Sep 30, 2025

Geographic Breakdown

as of Sep 30, 2025

Seniority Breakdown

as of Sep 30, 2025

Loan Structure Breakdown

as of Sep 30, 2025

Maturity Breakdown

as of Sep 30, 2025

Top Positions

as of Sep 30, 2025
IssuerCountry% of Total Assets
ALTECHDem. Rep. of Congo5.87%
UNIBANK AZERBAIJANAzerbaijan5.87%
KILIC DENIZTurkey5.72%
BAILYK FINANCEKyrgyzstan5.22%
FIRST FINANCE PLCCambodia3.91%

Performance

for S Early Bird (USD) share class

Total Returns (% Net of Fees)

as of Sep 30, 2025

Performance Metrics

as of Sep 30, 2025
Net returnsShare Class: S Early Bird (USD)Borgline - Evergreen, Europe, Private DebtICE BofA Euro High Yield TR Index
Since Inception (TR)6.6%10.2%6.4%
Since Inception (ann.)6.6%10.2%6.4%
2025 (YTD)4.9%7%4.6%
2024 (from Oct 2024)1.6%3%1.8%
Best Month Return0.7%1.2%1.3%
Best MonthOct 2024Dec 2024May 2025
Worst Month Return0.2%0.3%-1%
Worst MonthMar 2025Sep 2025Mar 2025
Distribution yield
TTM (ann.)N/AN/AN/A
Since Inception (ann.)N/AN/AN/A
Risk metrics
Volatility0.7%0.8%2.1%
Sharpe Ratio (risk-free rate of 4.3%)3.367.251.03

Key terms

for S Early Bird (USD) share class
General
Distribution Type:
Accumulating
Investor Type:
Institutional
Currency:
USD
Share Class Inception Date:
Sep 1, 2023
Minimum Subsribtion:
$10M
Liquidity
Gate:
5% of Fund NAV per quarter
Gate Level:
Aggregate NAV
Redemption Frequancy:
Quarterly
Redemption Basis:
NAV per Share
Redemption Notice Period:
90 days
Redemption Settlement:
-
Subscribtion Frequency:
Monthly
Subscribtion Basis:
NAV per Share
Subscribtion Notice Period:
30 days
Dividend Distribution Frequancy:
N/A
Fees
Management Fee:
1%
Management Fee Basis:
-
Management Fee Paying Frequancy:
-
Management fees charged on gross assets:
-
Portfolio-level fees (in addition to management fees):
-
Performance Fee:
-
Performance Fee Basis:
-
Hurdle rate:
-
Catch-up:
-
Performance fees crystallize on unrealized gains:
-
Perpetual High Water Mark Mechanism (or equivalent):
-
Front load (subscription):
5%
Up to 5.00% entry charge
Back load (redemption):
5%
Up to 5.00% redemption fee
Servicing fee:
2.05%
Up to 2.05% ongoing charge

Key investment people

Normunds Mizis
Chief Credit Officer
Tbilisi, Georgia
About

Normunds Mizis leads BlueOrchard's private debt investment team globally as Chief Credit Officer. He is a highly experienced credit and microfinance specialist with nearly three decades of industry experience and demonstrated expertise in loan underwriting, risk management, and financial…

Contact details
LinkedInEmailPhone
View profilehidden@example.com+12 34 5678 9012
Key information
Years at the firm:
13 years
Years in the industry:
31 years
Personal bankruptcy cases (US, UK):
Not displayed...
Litigations/Arbitration cases (US, UK):
Not displayed...
Regulatory history (SEC, FCA):
Not displayed...
Experience
BlueOrchard Finance · 13 yrs 8 mos
Chief Credit Officer
Jul 2017 - Present · 8 yrs 4 mos
Tbilisi, Georgia
Regional Director - Eurasia and Middle East
Jan 2014 - Jun 2017 · 3 yrs 5 mos
Tbilisi, Georgia
Head of Asia
Mar 2012 - Dec 2013 · 1 yr 9 mos
Asia
World Council of Credit Unions · 14 yrs
Project Director
1998 - 2012 · 14 yrs
US Peace Corps · 1 yr
Program Manager - Small Enterprise Development, Acting APCD - Baltics
1993 - 1994 · 1 yr
Education
University of Liverpool
Post Graduate in Project Management
Liverpool, United Kingdom
Sébastien Juhen
Head of Private Debt Portfolio Management / Head of Portfolio Management
Geneva, Switzerland
About

Sébastien Juhen is the Head of Private Debt Portfolio Management at BlueOrchard Finance SA, where he oversees the comprehensive portfolio management process for diverse funds dedicated to sustainable development and financial inclusion. He plays a pivotal role in shaping the firm's impact…

Contact details
LinkedInEmailPhone
View profilehidden@example.com+12 34 5678 9012
Key information
Years at the firm:
14 years
Years in the industry:
17 years
Professional designations:
Certified International Investment Analyst (CIIA)
Personal bankruptcy cases (US, UK):
Not displayed...
Litigations/Arbitration cases (US, UK):
Not displayed...
Regulatory history (SEC, FCA):
Not displayed...
Experience
BlueOrchard Finance SA · 14 yrs 5 mos
Head of Private Debt Portfolio Management
Jun 2011 - Present · 14 yrs 5 mos
REUNICA · 9 yrs 4 mos
Portfolio Manager
Jan 2002 - May 2011 · 9 yrs 4 mos
Association Planète Durable et Solidaire · 1 yr 11 mos
Founding Partner and Treasurer
Jun 2008 - May 2010 · 1 yr 11 mos
Caisse d'Épargne des Alpes · 1 yr 11 mos
Various roles in Asset Management Team
Dec 1999 - Nov 2001 · 1 yr 11 mos
Education
Grenoble Graduate Business School (Grenoble École de Management)
Master's Degree in Management
Grenoble, France
Michael Wehrle
Chief Executive Officer
Zurich, Switzerland
About

Michael Wehrle is the Chief Executive Officer of BlueOrchard Finance Ltd, the leading global impact investment manager and pioneer in impact investing. In this capacity, he leads the firm's strategic direction and execution of its mission to drive sustainable investment solutions that generate…

Contact details
LinkedInEmailPhone
View profilehidden@example.com+12 34 5678 9012
Key information
Years at the firm:
4 years
Years in the industry:
23 years
Professional designations:
CFA Charterholder
Personal bankruptcy cases (US, UK):
Not displayed...
Litigations/Arbitration cases (US, UK):
Not displayed...
Regulatory history (SEC, FCA):
Not displayed...
Experience
BlueOrchard Finance Ltd · 4 yrs 10 mos
Chief Executive Officer
Apr 2025 - Present · 7 mos
Zurich, Switzerland
Head Investment Solutions & Private Equity, Member of Executive Management Team
Jan 2021 - Apr 2025 · 4 yrs 3 mos
Zurich, Switzerland
Partners Group · 18 yrs 5 mos
Managing Director, Head of Group Internal Audit
Jan 2018 - Jan 2021 · 3 yrs
Baar-Zug, Switzerland
Managing Director, Co-Head Structuring Services
Apr 2012 - Dec 2017 · 5 yrs 8 mos
Zug, Switzerland
Vice President, Structuring Services
Dec 2006 - Apr 2012 · 5 yrs 4 mos
London, United Kingdom
Financial Analyst - Assistant Vice President
Aug 2002 - Dec 2006 · 4 yrs 4 mos
Zug, Switzerland
Education
University of Zurich
Master in Banking & Finance
1997 - 2002
Zurich, Switzerland

FAQ

What is BlueOrchard Impact Credit Fund?BlueOrchard Impact Credit Fund is an evergreen RAIF fund focused on Private Debt and managed by BlueOrchard Finance.
Who manages BlueOrchard Impact Credit Fund?BlueOrchard Impact Credit Fund is managed by BlueOrchard Finance, based in Zurich, Switzerland.
How big is BlueOrchard Impact Credit Fund?BlueOrchard Impact Credit Fund has a size of $51M.
What type of fund is BlueOrchard Impact Credit Fund?BlueOrchard Impact Credit Fund is an open-ended / evergreen RAIF fund investing in private debt domiciled in Luxembourg.
When was BlueOrchard Impact Credit Fund launched?BlueOrchard Impact Credit Fund was launched on Nov 1, 2022 and is structured as an RAIF vehicle with no fixed termination date.
Where is BlueOrchard Impact Credit Fund domiciled and regulated?BlueOrchard Impact Credit Fund is domiciled in Luxembourg under RAIF.

Data transparency

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BOIC | BlueOrchard Impact Credit Fund - Analysis