This project is for a proposed IFC equity commitment of up to US$25 million to Apis Growth Fund II, LP, targeting US$400 million in commitments from investors.
The Fund’s investment objective is to make mid-market growth equity investments into financial services and technology such as payments, credit and savings, insurance, technology enablers and service providers and capital markets located in Africa and Asia. The primary focus countries of the Fund will include Cote d'Ivoire, Kenya, Morocco, Nigeria, South Africa, India, Indonesia, Pakistan and the Philippines. The Fund will focus on funding growth-stage companies that require growth equity to expand their geographies, product ranges or to fund vertical integration.
The Fund will be managed by Apis Partners, LLP, a specialist technology-enabled financial services-focused private equity fund manager targeting opportunities across the growth markets of Africa and Asia (ex-China). Apis supports financial services companies in its target regions with catalytic growth capital and expertise.
Project Contact: Gustavo Eiben
Partner (and Head of Stakeholder Engagement), APIS Partners LLP
Telephone No.: +1 203 489 3831
Email Address: email@example.com
ACCOUNTABILITY MECHANISM OF IFC
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