Eklavya Growth and Impact Fund 1

South Africa

Last updated 12 May 2020, by Impactyield.

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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.

7 years

of track record


the year funded

100,000,000 USD


Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Expand and upgrade energy services for developing countries

Full employment and decent work with equal pay

Impact Category

Key performance indicators

Fund overview

Asset manager: Eklavya Growth and Impact Fund1

Product track record: Fund has 7 years of track record

Target IRR: 20%

Committed Capital: 55,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2016

Vintage year: 2016

Target region: , ,

Target close date: 01/03/2017

Product term: 10 year tem

Assets under management: 100,000,000 USD (US Dollar)

Investment size: Min: 7; Max: 15; Avg: 12

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 1

Fund investments to date exited or repaid: 0

Management fee: 1.85%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds


E-mail: n.a.

Website: http://www.eklavyaam.com

Phone number: 27115933241.00

If you wish to have your details removed from this database please email gdpr@impactyield.com

Roshni Lawrence

Investment Director

Satish Bhala

Managing Partner

Impact Performance


Impact thesis

The impact is likely to be in the form of higher employment and/ or improvement of quality of life. The capital is to be deployed for expansion purposes. The target focus region is Sub Saharan Africa.

Impact Management


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