PROJECT

Projects

Summary of Investment Information

Project Number

34234

Company Name

AFRICINVEST FUND III LLC

Date SPI Disclosed

May 7, 2014

Country

Africa Region

Region

Africa

Projected Board Date

Jul 18, 2014

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 1, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 18, 2014
Signed : Sep 17, 2014
Invested : Feb 3, 2015

Sector

Growth Equity Fund

Project Description

 The project entails an IFC equity investment of EUR 18.0 million (approximately $24.8 million), not to exceed 20% of total commitments, in Africinvest Fund III (“Africinvest III” or “the Fund”), a 10 year closed-end fund seeking to raise EUR200 million in commitments. The Fund strategy will be to take advantage of the economic growth and integration taking place in Africa that creates ideal conditions for private equity investment.                                                  

Associated Advisory Engagement

 n/a                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation