FEDA reached first close of $670 million in 2022 and targets funds of $1.3 billion.
The Direct Equity Fund focuses on providing equity and quasi-equity financing to businesses engaged in intra-Africa trade, industrialization strategies as well as value-added export development on the Continent.
The Fund achieved its first close of $270 million in 2022.
| Investment targets | Small and Medium Enterprises (SMEs); Emerging Corporates and Mature Businesses |
|---|---|
| Investment focus | Growth, buyouts |
| Instruments | Equity, quasi-equity and debt capital |
| Ownership | Strategic minority and majority stakes |
| Investment size | $5 million to $20 million (liable to increase based on funds under management) |
The Strategic Initiatives Fund is a proprietary fund established by Afreximbank to implement landmark and high impact greenfield investments in sectors critical to the growth of intra-African trade and value-added export development across the African Continent.
The fund focuses on developing greenfield pre-revenue projects that are strategically critical to Afreximbank – from conception to completion – by aligning innovative concepts with adequate capital and expertise to deliver transformative solutions.
The Fund achieved its first close of $250 million in 2022.
| Investment target | Greenfield, pre-revenue |
|---|---|
| Investment focus | Growth |
| Instrument | Equity and quasi-equity |
| Ownership | Majority |
| Investment size | Not restricted |
Africa Credit Opportunities Fund is a JV Partnership with Gateway Partners Limited. The fund focuses on investing in credit opportunities which align with FEDA’s mandate and complement Afreximbank’s business.
The fund offers tailored senior debt-like solutions to support intra-African trade and growth in Africa.
The Fund achieved its first close of $125 million in 2022.
| Investment target | SMEs, Emerging Corporate and Mature Businesses |
|---|---|
| Instrument | Senior debt, structured debt and mezzanine |
| Investment size | $10 – $20 million |
The Venture Fund provide equity, quasi-equity and venture debt financing to high-impact Small and Medium-sized Enterprises (SMEs) across Africa.
The Fund targets SMEs within three sub-segments including: (i) generalist, (ii) creative industry, and (iii) innovation, science and technology. This strategy is designed to finance “bankable” deals which will accelerate Intra-African trade and export development.
The Fund achieved its first close of $25 million in 2022.
| Investment target | High-potential SMEs |
|---|---|
| Investment focus | Growth/Expansion capital |
| Instrument | Equity, quasi-equity, and venture debt |
| Ownership | Strategic Minority |
| Investment size | $0.5 – $5 million |
