Corporate and Investment
Standard Bank and AfricInvest empower small and medium-sized enterprises
31 Aug 2022
Country
Isle of Man
|
South Africa
|
Mauritius
Year
2022
Sector
Financial Institutions
Business Unit
Structured Capital
|
Leverage Finance
Specific Role
Lead Arranger, Lender
Standard Bank understands the role that private equity investments play in driving growth in African businesses and economies, and has recently provided a fund subscription credit facility of USD75m for AfricInvest’s largest private equity fund to finance investments in accordance with its investment strategy.
The fund, AfricInvest IV, achieved its final close earlier this year with total commitments of USD411 million and the facility provided by Standard Bank will be crucial in providing bridging liquidity for investments to be made by the fund.
AfricInvest is a key player in the African private equity market, operating across sub-Saharan Africa, and has successfully secured LP commitments across 21 funds deployed in more than 190 companies across more than 25 African countries. AfricInvest IV received investment from new and returning institutional investors, development finance institutions, and family offices around the world.
The fund specifically targets growth-capital investments in small and medium-sized enterprises that are well positioned in their local markets with the potential to scale up their activities beyond their own country’s borders and become ‘regional champions’.
Read more about how Standard Bank is aligned with AfricInvest’s aim to accelerate regional growth by supporting the progress of proudly African mid-cap companies which have the potential to drive job creation across diverse sectors.