I&P Afrique Entrepreneurs II

Equity of February 2019

I&P Afrique Entrepreneurs II LP is a 10 year closed-end investment fund with a €80 m target size. IPAE2 is the successor fund of IPAE.

Amount

€ 5,000,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Promotion of ESG best practices

Beneficiary locations

Africa:

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

I&P Afrique Entrepreneurs II

Domicile

Mauritius

I&P was created in 2002 and manages four impact funds (Ipdev, IPAE, Ipdev II and IPAE2) representing €125 million. Through these funds, I&P has supported about 60 small and medium-sized enterprises, located in 15 African countries, mainly in West and Central francophone Africa and the Indian Ocean Region, where long-term funding solutions for SMEs are almost non-existent. Over the years, they have developed a specific investment approach adapted to these targets, combining financial tools and strategic/operational support, and have opened offices on the ground.

IPAE2 aims at financing around 35 small SMEs in Africa through investments of €0,5 to 3m which is generally considered as the «missing middle».

Development impacts

  • Local economic growth

    The fund will provide long term equity funding to around 35 SMEs

  • Promotion of ESG best practices

    ESG is part of I&P's core strategy and they have developed a method and a tool (derived from CDC toolkit) to analyse and monitor E&S aspects adapted to African SMEs. For instance they promote the adoption of health insurance plans at the level of their investees. I&P ESMS is considered comprehensive and of good quality.

    ESG is part of I&P's core strategy and they have developed a method and a tool (derived from CDC toolkit) to analyse and monitor E&S aspects adapted to African SMEs. When they invest in a company, they check if a renewable energy or energy efficiency projects can be implemented. instance they promote the adoption of health insurance plans at the level of their investees.

    I&P promotes good governance practices at each investee company as it systematically requires board seats in the portfolio companies and insists on regular meetings being organised