According to bank documents, the proposed operation consists of an equity participation of up to USD 10m in a USD 50m target venture capital fund managed by Gemini Capital Partners. The Fund will invest in Liberia and Sierra Leone.
Gemini Fund L.P., a closed-end venture capital fund with a target size of USD 50m. The fund will be set up to make privately-negotiated equity investments to support local start-ups (small and medium-sized enterprises - SMEs) in Sierra Leone and Liberia. The Fund will pursue a multi-sector strategy, investing in and developing companies that address existing and yet unmet demands for products and services in both countries.
*Contact information not provided at the time of disclosure*
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