I&P Afrique Expansion III (IPAE III) targets SMEs and tech enabled start-ups.
Investment strategy: focus on impact, inclusion and access to essential goods & services
Geographical scope: least developed countries with a focus in West Africa + Madagascar
Sectors: generalist and highly diversified/interest in job creating sectors
Impact thesis around 4 themes: creating decent jobs, strengthening local economic fabric, promoting inclusion and diversity, maximizing the environmental contribution
Tickets: from 1 to 5 MEUR
Target fund size: from 60 to 80 MEUR with possible junior/senior tranches; 15 to 20 companies