Eklavya Growth and Impact Fund 1

Eklavya Growth and Impact Fund1 (EGIF1) makes growth stage investments in companies that have a meaningful societal benefit by providing quality employment opportunities and enhanced quality of life in sub-Saharan Africa.

Eklavya Asset Managers ("Eklavya") believes that it is possible to earn commercial returns for its investors whilst also having a positive impact on society. In this regard, Eklavya has set up the Eklavya Growth and Impact Fund 1 ("EGIF1"). EGIF1 raison d'être is to participate in the development of the continent on a sustainable basis by providing capital for growth or expansion purposes that will also result in meaningful social development on the African continent.

Eklavya is managed by a team of seasoned professionals with significant experience of making and monitoring investments on the African continent. Eklavya aims to raise commitments of USD 100m for EGIF1 with anticipated first close in March 2017. EGIF1 already has a seed asset and also has an exciting pipeline of investment opportunities.

Financial description

The Fund aims to deliver commercial returns to its investors targeting a of 15% to 20% in USD terms whilst also participating in the development of the African continent on a sustainable basis. This is to be achieved by providing seasoned entrepreneurs and businesses with capital for expansion or growth purposes in Africa.