Blended Finance Term Sheet

Indicative, not legally binding. Engage transaction counsel for formal documentation.

• Vehicle Name — Name of fund / SPV / facility
• Domicile — Mauritius GBC / South Africa / Luxembourg
• Target Size — Total fundraise target
• Investment Period — e.g., 3 years from first close
• Fund Life — e.g., 10 years, extendable by 2
• Capital Structure — Junior / First-Loss, Mezzanine, Senior with returns per layer
• First-Loss Provider — DFI window, foundation PRI, donor government
• Distribution Waterfall — Senior → mezzanine → junior → carry
• Management Fee — e.g., 2% committed during investment period
• Carried Interest — e.g., 20% above preferred return
• Governance — IC composition; Advisory Board; consent rights
• E&S Standards — IFC PS; Equator Principles aligned
• Impact Framework — IRIS+ aligned; SDG targets; independent verification
• Reporting — Quarterly financial; semi-annual impact; annual audit
• Key Person — Departure triggers consent requirement
• Exit Mechanism — Portfolio realisation; secondary; repayment