EG Capital announces anchor closing of its maiden fund

EG Capital, a growth-oriented private equity impact firm, announced the anchor closing of its first EG-Economic Empowerment Fund (EG-EEF Fund), which will invest in medium-sized businesses in the food, health, education and climate resilience sectors in East Africa and Zambia.

Alongside its IC members and smaller angel investors, the management team at EG Capital have committed $2 million to the fund as part of the anchor close to demonstrate the fund manager’s confidence in the fund’s strategy.

The EG-EEF Fund is targeting $100 million in commitments.

Sandrine Henton, managing director at EG Capital said, “We seek to partner with best-in-class sponsors to create solutions for their highest quality assets in food, health, education and climate resilience in East Africa and Zambia. We’re excited to build on our partnership with existing and new investors to realise attractive returns and measurable impact in high growth, defensive sectors. We believe there is additional value that can be unlocked by investing at the nexus of gender and positive climate action, particularly for women and young people.”