PROJECT

Projects

Summary of Investment Information

Project Number

52070

Company Name

Lightrock Africa Fund II

Date SPI Disclosed

Mar 13, 2026

Country

Africa Region

Region

Africa

Projected Board Date

Apr 20, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Mar 13, 2026

Department

Equity Portfolio Management

Industry

Funds

Sector

Growth Equity Fund

Project Description

    The proposed project is for IFC to commit up to US$20 million into Lightrock Africa Fund II (LRAF II or the Fund), a growth equity fund, and a US$5 million co-investment envelope under delegated authority. The Fund is targeting to raise between US$150-$200 million with a generalist strategy, primarily targeting Kenya, South-Africa and Nigeria, while also exploring opportunistic investments in the rest of the continent. The Fund seeks to build a portfolio of 8-12 fast-growing companies, with ticket sizes ranging from US$10-20 million, targeting significant minority stakes (10-20% range) alongside negotiation of board seats.

                                               

Associated Advisory Engagement

 There are no advisory services associated with this engagement.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation