AfricInvest Fund IV
Region and countries in which the fund invests: Pan-African fund
Jurisdiction of registration: Mauritius
Business sector: Generalist
Signing date (month/year): 6/2020
Size of Finnfund’s financing (commitment): USD 20,000,000
Share of Finnfund’s financing: n/a
Environmental and social categorisation: FI-B
Names of companies financed by fund: –
Regions and countries of companies financed by the fund: –
Business sectors of companies financed by the fund: Generalist fund, sectors include financial services, manufacturing, fast moving consumer goods, agribusiness, healthcare, education and logistics.
In the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the final closing of the fund.
AfricInvest Fund IV is a pan-African fund focusing on companies across Africa where the Fund has a local presence. The Fund will continue to invest in line with the investment policy and targets of the previous AfricInvest funds and concentrate on familiar sectors. The focus sectors are financial services, manufacturing, fast moving consumer goods, agribusiness, healthcare, education and logistics.
Main development impact
Finnfund has a long history with the AfricInvest pan-African funds. Over the years, the manager has developed and implemented its solid environmental and social management system.
AfricInvest offers growth-oriented medium-sized companies with patient capital, strategic, financial, technical and commercial advice helping the companies to grow sustainably. In terms of prioritised sectors, AfricInvest IV Fund will target labour-intensive financial services, manufacturing and FMCGs, which are all and in high demand in developing economies and markets in Africa. By investing in AfricInvest IV, Finnfund contributes to the economic growth and creates development impact across the African continent.