Business Partners International Kenya SME Fund
Last updated 13 May 2020, by Impactyield.
Emerging countries (256) / Africa (127) / Eastern Africa (50) / Kenya (12)
The Business Partners Kenya SME Fund is a US$ 14.1 million investment fund for SMEs in Kenya, together with a parallel US$ 2.5 million Technical Assistance Facility. The objective is to deliver finance and technical assistance to Kenyan SMEs in a commercially sustainable manner and generating an acceptable return to investors in the Fund
The Fund invests in the equity,quasi-equity and debt instruments of SMEs.
All portfolio companies must have the majority of either their assets or their revenues derived from Kenya.
The Fund does not invest in enterprises engaged in (i) arms manufacturing or other military related activities (ii) manufacture of tobacco products or hard spirits, or (iii) operation of casinos or other gambling facilities or any other activities deemed to be a Prohibited Activity.
of track record
the year funded
Business Partners International
Headquarters location: South Africa
Other funds managed by this asset manager: Business Partners International Rwanda SME FundBusiness Partners International Southern Africa SME Fund
Key performance indicators
Asset manager: Business Partners International
Product track record: Fund has 16 years of track record
Target IRR: 10%
Committed Capital: 14,100,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: Kenya
Product status: Closed - still investing
Style/Stage: Buy Out, Early Stage, Growth Stage, Mezzanine Finance
Inception year: 2007
Vintage year: 2007
Target region: Africa, Eastern Africa, Emerging countries, Kenya
Target close date: n.a.
Product term: 8 years (+2)
Assets under management: n.a.
Investment size: Min: 50,000; Max: 500,000; Avg: 250,000
Co-investment policy: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 52
Fund investments to date exited or repaid: 5
Management fee: 4%
Carried interest: 20%
Hurdle rate: 5%%
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: CDC Group Transcentury Ltd International Finance Corporation (IFC) East African Development Bank (EADB) European Investment Bank (EIB)
Limited Partner / Investor Type: Development Finance Institution (DFI), Other Institutional Investors
Phone number: 27117136600.00
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Regional Investment Manager
The Fund provides specialist risk finance to formal small and medium enterprises (SMEs). The Fund actively supports entrepreneurial growth by providing financing, specialist sectoral knowledge and added-value services for viable small and medium businesses. The Fund utilsies a Technical Assistance facility, in the form of a grant, for use in support of the investments made in portfolio companies.
Business Partners International’s unique model is used to address some of the key obstacles facing entrepreneurs in Africa, namely; poor access to investment financing in order to establish or develop a self-sustaining business, little or no collateral or security, lack of access to proven due diligence methodologies, lack of post-investment technical assistance, lack of business support for long-term success and sustainability.