Goodwell launches PE fund for Belgian investors seeking exposure to Africa

Goodwell Investments has launched a Belgian fund for investments in the inclusive economy in sub-Saharan Africa. The Goodwell Impact Privak fund was set up in response to the strong interest of several Belgian investors – particularly wealthy individuals and families – for an investment fund that would provide venture capital to fast-growing companies in the inclusive economy on the African continent.

The Goodwell Impact Privak is a so-called feeder fund. Investors can pool investments and jointly participate through the Privak in the larger Goodwel-managed uMunthu fund. The €100 million uMunthu fund is fully focused on inclusive companies in sub-Saharan Africa. The Goodwell Impact Privak has already received multiple commitments from professional investors and is open to investments from €250,000.

With its investment in uMunthu, Goodwell Impact Privak aims to combine maximum social impact with a market-rate financial return.

The Goodwell Impact Privak will invest directly through uMunthu in 18 high impact companies. The fund will build a total portfolio of 30 companies over the next years across different regions. Half of the fund is invested in (digital) financial services as financial inclusion is a key driving force for an inclusive economy. The remaining half is invested in agriculture, mobility and transport, with a specific interest for technology-driven solutions, as these allow faster scaling to last-mile and underserved populations.

Reach Africa’s private equity community by publishing a Showcase Article, Job Opportunity or Event on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.