Vital Capital Fund


Last updated 12 May 2020, by Impactyield.

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Vital Capital Fund is the leading impact investment fund operating in sub-Saharan Africa. With investments in infrastructure, housing, agriculture, education, clean energy and healthcare, Vital Capital Fund’s holistic approach to community development improves the quality of life for the people of modern Africa and, equally, delivers outstanding results to investors.

Vital Capital's team has focused almost exclusively on the African continent for the last two decades. Its investments and solutions are based on the values and needs of each community, utilizing the community’s rich human and natural resources. Vital Capital identifies local priorities and is sensitive to its governing structures. The premise is that a well-built, integrated community will foster a healthy, productive and flourishing environment for sustainable development and lifestyles.

Fund style

Not listed

Financial description

In each of its individual investments, the fund will seek to achieve a net overall financial return (expressed in terms of IRR) of 20% on its aggregate investment in the specific venture/business.
As a rule, the minimum unleveraged investment ticket-size is USD10m and the maximum is USD50m. Exceptions to this rule may be considered in specific cases where the expected financial and/or S&E impact of the proposed investment is outstanding.
As outlined above, Vital as a rule will invest primarily in equity or equity-like instruments, with debt financing generally constituting at most a minority portion of the investment.

8 years

of track record


the year funded

350,000,000 USD


Asset manager

Vital Capital Fund


Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Universal access to safe and nutritious food

Universal access to modern energy

Develop sustainable, resilient and inclusive infrastructures

Key performance indicators

Fund overview

Asset manager: Vital Capital Fund

Product track record: Fund has 8 years of track record

Target IRR: 20%

Committed Capital: 350,000,000 USD (US Dollar)

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

Fund domicile:

Product status:


Inception year: 2015

Vintage year: n.a.

Target region: , ,

Target close date: n.a.

Product term: 5 years

Assets under management: 350,000,000 USD (US Dollar)

Investment size: Min: 10,000,000; Max: 50,000,000; Avg: 0

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 8

Fund investments to date exited or repaid: 0

Management fee: 1.5%

Carried interest: n.a.

Hurdle rate: 8%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Family Office


E-mail: n.a.


Phone number: +41 (0) 22 716 43 95

If you wish to have your details removed from this database please email

Eytan Stibbe

Founding Partner - Member of investment committee

Mr Alexander Oppenheim

Managing Partner - Member of investment committee

Mr Eytan M. Stibbe

Founding Partner - Member of investment committee

Impact Performance


Impact thesis

Vital Capital seeks to provide local, essential and sustainable products and services to Sub-Saharan communities.
Vital Capital practices responsible investment. We are committed to an intentional, measurable impact which correlates positively with financial return. Vital focuses on community building which provides all needs for a thriving community including affordable housing, community services, health care services, education facilities, job creation, water and energy solutions.
We are a GIIRS pioneer fund, among the 50 GIIRS rated funds, setting the standards as a leading, mission driven fund manager and creating positive social and environmental impact in our portfolio across sectors, industries and countries.
Vital Capital was selected as a case study for a leading impact investing fund, implementing social and environmental criteria throughout the investment process and the first fund to incorporate GIIRS rating system in its due-diligence process.

Impact Management


Financial benchmark

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