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.
IIX is currently establishing a new closed-end blended climate debt fund targeting emerging markets across Southeast Asia and the Pacific. The fund deploys capital across green and blue economy sectors through a blended capital structure that combines senior, mezzanine, and concessional tranches. IIX is seeking a senior fund structuring advisor to lead the design and documentation of the fund’s legal and economic architecture ahead of first close.
Engagement Overview
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
PURPOSE OF ENGAGEMENT
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.
SCOPE OF WORK
Fund Structure & Legal Architecture
- 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
Blended Finance Tranche Design
- 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 withl waterfall economics, carried interest, hurdle rates, and management fee structures
Credit Enhancement & Guarantee Facility
- 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 counterparty agreements across focus markets
- Liaise with potential DFI guarantors on guarantee co-structuring and pricing
Fund Economics & Investor Terms
- 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
LP & DFI Engagement Support
- 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
Knowledge Transfer
- 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
WHAT WE’RE LOOKING FOR
Required Experience
- 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 DFI counterparties
- Track record creating blended finance structures with concessional capital and commercial LP co-investment
- Deep familiarity with LPA drafting, side letter mechanics, and fund governance documentation
- Experience engaging with DFI LPs (IFC, ADB, DFC, DFAT, FMO, Norfund, or equivalent) on fund structuring
- Educational track record of MBA, MA (International Relations or Public Policy), or JD from reputable universities.
Preferred Experience
- Prior experience with gender-lens or climate-focused impact funds, sustainability-linked instruments, or ICMA-aligned bond structures
- Familiarity with MAS regulations and Singapore’s VCC framework
- Regional knowledge of Southeast Asia and the Pacific Islands
- Lived in South East Asia or the Pacific Islands
Personal Attributes
- Highly collaborative — comfortable working as an embedded advisor within a lean, mission-driven team
- Able to translate complex fund mechanics into clear, LP-facing materials
- Comfortable leading a junior team member on a parallel analytical workstream
- Aligned with IIX’s mission of mobilizing capital for gender equity and climate resilience
- Will be open to learning IIX’s impact measurement and Orange Bond work.
HOW TO APPLY
Please submit your CV, share your LinkedIn profile and a brief engagement proposal (2–3 pages) outlining your approach to the fund structuring mandate, relevant precedent transactions, and potential references. Submit with subject line: Fund Structuring Consultant.
IIX is an equal opportunity employer. We are committed to building a diverse, inclusive team that reflects the communities we serve.
