PROJECT

Projects

Summary of Investment Information

Project Number

48299

Company Name

METIER CAPITAL GROWTH INTERNATIONAL FUND III LP

Date SPI Disclosed

May 26, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Jun 26, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 11, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 28, 2023
Signed : Sep 22, 2023
Invested : Nov 9, 2023

Sector

Growth Equity Fund

Project Description

IFC is considering an equity investment of up to US$25 million alongside a co-investment envelope of up to US$15 million in Metier Capital Growth Fund III (“MCGF III” or the “Fund”), structured into two separate vehicles, a Mauritius domiciled fund (in consideration for IFC) and a South-African domiciled fund. MCGF III is a growth equity fund which targets to make investments in Sub-Saharan Africa with a specific focus on East and Southern Africa, targeting to raise up to US$250 million.    

Associated Advisory Engagement

  There are no advisory services associated with this engagement        

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation