Ghana: Injaro announces final close of new fund
Ghana: Injaro announces final close of new fund
Final close of Ghana cedi-denominated private equity fund, Injaro Ghana Venture Capital Fund.
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Injaro Investment Advisors Limited has announced the final close of its multi-sector Ghana cedi-denominated private equity fund, the Injaro Ghana Venture Capital Fund (IGVCF).
The fund, which is backed by local pension funds, achieved a final close with an AUM of GHS 216 million (about $17.4 million) on December 29, 2023.
"IGVCF is highly committed to its mandate which is investing in best-in-class SMEs across various sectors such as food and agribusiness, education, healthcare, inclusive financial services, and industrial services in Ghana and Côte d'Ivoire. IGVCF provides Injaro with an opportunity to contribute to the creation of thousands of jobs, building upon the impact we have already made on over 3 million beneficiaries through our other funds. Ultimately, we seek to invest Ghanaian capital, fostering the growth of Ghanaian businesses and the economy, whilst simultaneously ensuring the future financial wellbeing of the pensioners whose money we invest," the firm said in a statement.
The fund has already made its inaugural investment in Zeepay, and is still in full deployment mode, accepting funding applications from companies.
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