PROJECT

Projects

Summary of Investment Information

Project Number

41435

Company Name

ZOSCALES FUND I LP

Date SPI Disclosed

Aug 14, 2018

Country

Ethiopia

Region

Africa

Projected Board Date

Sep 15, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2022

Department

Disruptive Technologies and Funds

Industry

Funds

Previous Events

Approved : Jul 17, 2017
Signed : Apr 18, 2019
Invested : Aug 5, 2019

Sector

Growth Equity Fund

Additional Project Attributes

Blended Finance

Project Description

 Zoscales Fund, L.P. (“Zoscales” or “the Fund”) is a 10-year closed-end generalist private equity fund targeting to invest in small and medium enterprises (“SMEs”) primarily in Ethiopia, and opportunistically in the rest of East Africa. The Fund is seeking to raise US$75 million in total capital commitments. The project will be supported by the IFC. Additionally, the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states will co-invest with the IFC. The Blended Finance Facility will help the SME-Ventures funds attract more private sector investors and reach more SMEs.                                                

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation