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.
Skills Required
- Minimum 12 years in fund structuring or blended finance
- Experience in developing debt fund structures
- Direct experience with Singapore VCC or equivalent
- Experience with DFI LPs on fund structuring
- MBA, MA, or JD from reputable universities
What We Do
Impact Investment Exchange (IIX) bridges the gap between finance and development. IIX is a core member of the International Capital Markets Association, a strategic member of IMP Impact Measurement and Management Practice, and a part of the BAPPENAS Advisory Committee on Blue Finance. We are also proud to be affiliated with the World Economic Forum Social Enterprise Alliance, UNICEF Child Bond Working Group, the Global Impact Investing Network (GIIN) and the Asian Venture Philanthropy Network (AVPN). As a pioneer of impact investing, we build pathways to connect the Wall Streets of the world with the backstreets of underserved communities by measuring and unlocking investment capital. We achieve sustainable development and equitable growth through working with investors, entrepreneurs and ecosystem partners to raise capital, empowering stakeholders with rigorous advice/research for sound actions, and pushing the impact investing space from the margins to the mainstream. Our activities focus on three key pillars that we believe are crucial to creating a better world: promoting gender equality, driving climate action and building vibrant, resilient communities. With our work we aim to impact 100 million lives by 2025. IIX is based in Singapore and operates globally
