Fund Structuring Consultant

ABOUT IIX GLOBAL

IIX (Impact Investment Exchange) is a Singapore-headquartered pioneer in impact investing with a 17-year track record of originating, structuring, deploying, and repaying impact-linked capital across emerging markets. IIX has mobilized over USD 1.5 billion in capital commitments, listed seven Orange Bonds on the Singapore Exchange, and built a global ecosystem connecting institutional capital with gender and climate outcomes across Asia, the Pacific, and Africa.

• Engagement type:
  Consulting engagement — independent contractor
• Commitment: 3 days per week
• Duration: 6 months from commencement, with option to extend
• Location:
  
  Remote, with periodic travel to Singapore for key milestones
• Reports to:
  
  Chief Investment Officer
• Start date:
  
  As soon as possible — engagement is the critical path to first close

IIX is seeking a senior fund structuring specialist to lead the design and execution of the fund’s legal architecture, blended finance structure, and LP-facing documentation. Working alongside the CIO and senior investment team, the advisor will finalize fund economics, design blended‑finance tranches, structure the credit‑guarantee facility, and establish the investor documentation foundation ahead of first close.

• Lead design, create financial models of the fund structure under Singapore’s Variable Capital Company (VCC) framework, in coordination with external fund counsel
• Structure sub‑fund architecture, investor segregation, and legal obligations under the VCC Act 2018
• Structure side letter provisions and investor‑specific accommodation mechanisms for anchor LPs
• Work on MAS licensing requirements and ongoing regulatory compliance obligations for the fund manager

• Design the fund’s capital stack across senior, mezzanine, and subordinate tranches
• Structure blended finance leverage mechanics targeting the fund’s commercial‑to‑concessional capital ratio
• Create necessary warrant structures and their legal treatment within the fund at first close
• Design DFI concessional tranche mechanics — first‑loss, guarantee, and subordinated structures
• Create financial model with waterfall economics, carried interest, hurdle rates, and management fee structures

• Design the fund’s credit guarantee facility for local bank on‑lending to target SMEs in focus markets
• Structure Partial Credit Guarantee (PCG) mechanisms, first‑loss provisions, and trigger events
• Work with the legal team on guarantee documentation and local bank counter party agreements across focus markets
• Liaise with potential DFI guarantors on guarantee co‑structuring and pricing

• Develop fund economics model covering IRR scenarios, LP return projections, and leverage analysis
• Create impact‑linked loan terms — sustainability‑linked interest rate adjustments tied to gender and climate KPIs
• Review and advise on LP subscription mechanics, capital call schedule, and deployment timeline
• Support preparation of the Private Placement Memorandum (PPM) and related investor disclosure documents

• Support the CIO and Head of Investor Relations in LP due diligence processes relating to fund structure questions
• Prepare fund structure summaries and technical FAQs for LP due diligence teams

• Actively transfer blended finance structuring knowledge to designated internal investment team members throughout the engagement
• Produce structured documentation of fund mechanics, waterfall models, and structuring decisions for IIX’s internal knowledge base
• Support upskilling of the investment team on closed‑end fund operations and blended finance instrument design

• Minimum 12 years in fund structuring, blended finance, or development finance with debt focus — ideally across emerging market closed‑end funds
• Experience in developing and structuring debt funds.
• Direct experience structuring closed‑end funds under Singapore VCC, Cayman LP, or equivalent jurisdictions
• Demonstrated experience designing PCG and first‑loss mechanisms with…