IFC proposes investment in Inside Capital fund
The IFC has disclosed a proposed equity investment of up to $10 million in the Inside Equity Fund II.
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The IFC has disclosed a proposed equity investment of up to $10 million in the Inside Equity Fund II (IEF II), a Mauritius limited partnership targeting $100 million to construct a portfolio of investments diversified across Eastern and Southern Africa.
IEF II will be managed by Inside Capital Partners. Key representatives of the fund manager are Jerome Lagesse (managing partner), Basil Nundwe (partner) and Rushil Patel (partner).
The fund will primarily make investments in Madagascar, Mauritius, and Zambia, and will also consider investments in Malawi, Mozambique, and Tanzania.
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