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Arrived has secured $27 million in new funding! Read how this milestone will continue to help us build the future 🎉
Arrived has secured $27 million in new funding! Read how this milestone will continue to help us build the future 🎉 Arrived has secured $27 million in new funding! Read how this milestone will continue to help us build the future 🎉
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USCA UNION LLC | Investor Brochure | Global MFI Lending

INVESTOR BROCHURE 2026

USCA UNION LLC

Global Leader in Microfinance & Credit Investment Management

$2.4 BNAUM
45+Countries
175+MFI Partners
13.8%Avg. Net Return*
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Overview: A Fiduciary to Global Investors

USCA UNION LLC was founded in 2015 by emerging market credit specialists. We operate as an independent asset manager, channeling capital into microfinance institutions (MFI) across Asia, Africa, and Latin America. We act as a fiduciary: client assets held by top custodians (BNY Mellon / State Street), no balance sheet leverage.

$2.4B
AUM (Dec 2025)
214K+
Borrowers Impacted
12.5%
Volatility (3Y)
vs EM Equity 18.2%

Investment Strategy: Direct Lending to MFIs

Senior secured credit facilities to regulated MFIs. Tenors 12–36 months. Proprietary underwriting with local presence.

Portfolio by Region

Asia-Pacific 36%
Sub-Saharan Africa 28%
Latin America 24%
Emerging Europe 12%

Yield Comparison

HY Bonds
7.2%
EM Debt
8.9%
USCA MFI
13.2%*
IG Bonds
4.8%

*Gross target IRR; net 11.5–12.8%

Performance & Resilience

2021
11.2%
2022
13.4%
2023
15.1%
2024
14.5%
2025
14.0%

Net USD returns, institutional share class. 2022–2025 audited.

<3.2%
PAR>30
0.8%
Ann. Default Rate
74%
Recovery Rate

Risk Management: Centurion® Platform

Proprietary risk analytics monitoring 200+ MFI indicators: PAR, currency volatility, regulatory capital. On-ground teams in 12 countries.

Key Differentiators

  • Pure fiduciary — no proprietary trading
  • Assets held by independent custodians
  • No balance sheet leverage
  • Quarterly loan-level reporting

ESG Integration

  • 92% MFIs with client protection certification
  • 68% end-borrowers women entrepreneurs
  • UN SDG 1, 5, 8 aligned
  • Member GIIN

Products & Vehicles

VehicleMin. InvestmentTarget Net ReturnLiquidity
USCA Global MFI Debt Fund I$250K11.5% – 12.8%Quarterly redemptions
USCA Institutional Credit SPC$5MSOFR + 6-8%Tailored
Private Wealth Note Program$100K10.5% – 11.0%18-mo lock, semi-annual int.
Risk considerations: Currency, political, and credit risk. Principal not guaranteed. Past performance does not guarantee future results.

Outlook 2026–2027

USCA projects $45bn funding gap for MFIs by 2028. Base case 2026 net returns: 11.0%–13.0% with loss ratios below 1.5%.

Tactical View (6–12 mo):

Favor senior secured local currency loans with hedges in Nigeria, Egypt, Vietnam. Resilient MFI collections.

Team: 85 professionals, 28 investment staff, avg 14 years EM credit experience. Offices: NY, London, Singapore, Nairobi, São Paulo.