PROJECT

Projects

Summary of Investment Information

Project Number

50644

Company Name

LoftyInc Alpha Fund, LLC

Date SPI Disclosed

Jan 16, 2025

Country

Africa Region

Region

Africa

Projected Board Date

Feb 17, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 5, 2025

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Feb 5, 2025
Signed : Feb 28, 2025
Invested : Apr 3, 2025

Sector

Venture Capital Fund

Project Description

The proposed transaction is an equity investment of up to US$ 6 million to Lofty Alpha Fund, LLC. (“Lofty” or the “Fund”), a closed-end pan-African venture capital (“VC”) fund targeting seed stage technology and technology-enabled businesses across sectors. The Fund will be domiciled in the United States of America with a target size of US$ 50 million.                                            

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation