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Disclaimer
I am not an agent or connected to this entity. The information provided below is independent as based on my research and experience. Whilst I have taken steps to ensure the accuracy of the information presented here, there can be no guarantee that it will remain accurate.
Basic information
Target: Established entity – with three years audited financials and a track record of sales and profits.
Sector focus: None in particular
Amounts provided: $0.5- $5million
Funding type: Private equity
Further information: East Africa contact: +254(0) 20 250 4775 begin_of_the_skype_highlighting FREE
Who is behind the Fund?
Founded in 2008 by a group of UK entrepreneurs and philanthropists, it initially worked through two local fund managers: Fidelity Capital in West Africa and InReturn Capital in East Africa.
The structure combines highly experienced private equity veterans from Europe with expert teams on-the-ground. It has now commenced a merger (Jan 2013) to create a pan- African fund manager that will manage a new $75m pan-African SME fund. Jacana is currently raising from international investors.
It currently has $45m in funds under investment provided by a number of individual and institutional investors including FMO (a dutch investment bank), Oiko credit (a co-operative and social investor) and Finn fund (a development fund).
What is the process like?
It’s set out on their website but they in summary expect to move from start to finish within 1 month, with the key “in principle”approval being given after about 1 month.
In summary:
My tips for success?
Otherwise, best of luck.
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Source by D E Wasake
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