PROJECT

Projects

Summary of Investment Information

Project Number

42829

Company Name

CARDINALSTONE CAPITAL ADVISERS GROWTH FUND LP

Date SPI Disclosed

Sep 19, 2020

Country

Western Africa Region

Region

Africa

Projected Board Date

Jun 24, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 13, 2021

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 17, 2017
Signed : Jun 27, 2019
Invested : Dec 12, 2019

Sector

Small Business Fund

Project Description

The proposed project is an investment in CardinalStone Capital Advisers Growth Fund (“Fund” or “CCAGF”) which will invest in equity of Small and Medium sized Enterprises (SMEs) in Nigeria and Ghana across sectors such as consumer goods & services, healthcare, education, financial services, industrials and agribusiness.

The Fund will be supported by the Blended Finance Facility (BFF) of the IDA18 IFC-MIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.                                  

Sponsor / Cost / Location

E&S Category Rationale / Risks and Mitigation