Investing in private equity and venture capital fund

Portfolio

AfricaGrow targets private equity and venture capital funds that invest in small and medium-sized enterprises (SMEs) and start-ups in reform-oriented African countries. The following funds are portfolio investments of AfricaGrow and demonstrate the scope and range of investments across various sectors and regions.

Portfolio investments in Africa

SME Investments

SPE

SPE AIF I is a USD 258 million Private Equity fund raised in 2019 and managed by SPE Capital. AIF pursues control-oriented growth stage investments across Africa with a focus on sub-Saharan Africa in a variety of sectors including education, healthcare, manufacturing and B2B services. The fund reached final close early 2021.

Uhuru

Uhuru Growth Fund I is managed by Uhuru Investment Partners. The fund focuses on high-growth, middle-market businesses operating across West Africa with a focus on Nigeria, Ghana and Francophone West Africa, such as Côte d’Ivoire. Uhuru partners with passionate entrepreneurs to create sustainable value for stakeholders by improving operations and promoting world class business and ESG practices. Uhuru invests across the consumer-facing and financial services sectors and has a special emphasis on supporting female owned and led businesses.

Ascent

Ascent Rift Valley Fund II invests in dynamic small and medium size companies in Eastern Africa with a particular focus on micro finance, health care, manufacturing and agro processing.

Salt

Salt Equity I is an African consumer themed investment fund focused on the SADC (Southern African Development Community) region of Africa principally providing impactful growth capital to SME businesses.

Mediterrania

Mediterrania Capital Partners MC IV Fund is a private equity fund focused on investments in SMEs and mid-cap companies in North and Sub-Saharan Africa. It aims to foster growth and expansion in the region through strategic investments and active portfolio management, driving economic development and job creation. MC IV targets sectors such as consumer goods, healthcare, education and financial services, leveraging Mediterrania Capital Partners' expertise and network to support companies in achieving their full potential.

Metier

Metier Capital Growth Fund III (“MCGF III”) has a geographic focus on sub-Saharan Africa and is expected to make eight to twelve equity and equity-related investments into mid-market companies with high growth features in sectors that benefit from regional economic and demographic trends such as population growth and increased urbanisation. MCGF III’s active deal pipeline is characterised by growth capital investments that will have a positive impact on climate change, create decent jobs with a focus on gender-lens investing, support the connectivity of rural communities, and enhance the development of businesses across Africa.

Alterra

The Alterra Africa Accelerator Fund (AAA Fund), managed by Alterra Capital Partners, invests in companies that serve basic consumer and vital business needs across the African continent, with a focus on East, Southern and pan-African opportunities. The fund’s target sectors include business services, healthcare, technology, and telecommunications.

Venture Capital Investments

CAIF

Cathay AfricInvest Innovation Fund invests in the most promising early to growth-stage start-ups that are improving African lives by providing disruptive tech-enabled products and services. The fund drives inclusive socio-economic growth by enabling promising ventures to scale innovative solutions, ultimately improving access to financing, education, healthcare and more, in Africa.

Tlcom

With teams on the ground in Lagos and Nairobi, TLcom Capital is an Africa-focused venture capital investor managing over USD 300 million in AUM. The firm invests in critical sectors across key markets in sub-Saharan Africa (primarily Nigeria, Kenya, South Africa) and Egypt. Across two Africa-focused funds, TIDE Africa and TIDE Africa II, TLcom’s portfolio companies include Andela, Autochek, Fairmoney, Illa, LittleFish, Pula, Shara, Twiga Foods, uLesson and Zone.

Ventures Platform

Ventures Platform is a pan-African VC firm that invests early in ambitious founders building category leading Market Creating Innovations that democratise prosperity, plug infrastructural gaps, solve for non-consumption, and improve livelihoods in Africa.

Knife

Knife Capital is a venture capital investment manager that accelerates the international expansion of African innovation-driven businesses by leveraging knowledge, networks and funding. Knife has offices in Cape Town, London and Jersey, and invest via a consortium of funds under management.

This information does not constitute or form part of any offer to issue or sell, or any solicitation of an offer to subscribe or purchase any investment. This information is directed only at: (i) potential target funds eligible for AfricaGrow to invest in and (ii) certain persons having professional experience relating to investments. AfricaGrow, “a German investment partnership (fund of fund) in private equity and venture capital”, is closed and therefore not open for new investors or available to new investments.
The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable, but it has not been independently verified; its accuracy or completeness is not guaranteed and no liability is assumed for any direct or consequential losses arising from its use, unless caused by gross negligence or willful misconduct. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail. This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted; except for the case of explicit permission by Allianz Global Investors GmbH.

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