PROJECT

Projects

Summary of Investment Information

Project Number

32989

Company Name

THE KIBO FUND II LLC

Date SPI Disclosed

Oct 7, 2013

Country

Eastern Africa Region

Region

Africa

Projected Board Date

Dec 4, 2013

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 12, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 4, 2013
Signed : Dec 20, 2013
Invested : Jul 7, 2014

Sector

Growth Equity Fund

Project Description

 The proposed project is an investment into The Kibo Fund II LLC (“TKF II” or “the Fund”), a 10 year closed-end generalist private equity fund targeting fast-growing small and medium sized enterprises (SMEs) in the Eastern and Southern Africa region (excluding South Africa). TKF II is a successor fund to The Kibo Fund LLC (“Kibo I”), a 2008 vintage fund of €29 million which has so far made 6 investments and exited one.

The Fund will make equity and quasi-equity investments of up to $10 million each in fast-growing SMEs, primarily through acquisition of significant minority stake in the businesses                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation