Kibo Capital Partners announces $50m first close of The Kibo Fund II

13 Jun 2014

Kibo Capital Partners today announced the first close of its second fund, The Kibo Fund II LLC (‘Kibo II’), totalling US$50 million. Kibo II targets growth capital investments in East Africa, Southern Africa and the Indian Ocean islands.

Investors include some of the leading development finance institutions, as well as 30% of the capital coming from pension funds, family offices and other institutional and commercial investors.

Commenting on the first close, Managing Partner Thierry Hugnin said: “We appreciate the continued support by our existing investors in Kibo’s first fund, and are excited to be partnering with several new top-tier institutions in Kibo II, as we continue to grow our investment activities"

The Fund is expecting to raise US$80 million in total commitments by final close. “We continue to believe that we can add value to SME and mid-market businesses in our target region, and are raising additional capital to pursue further opportunities”, said Partner Christoph Evard.

The Kibo Fund II LLC (www.kibo-capital.com) targets growth-oriented SME- and middle market companies seeking equity investments of US$4-8 million across a number of industries, including financial services, healthcare, education, other services and light manufacturing. Kibo II is managed by Kibo Capital Partners, a Mauritius- and Kenya-based fund management firm.

« Back to Member News

@Loewhaley Ummmm.. 😅

The countdown to the AVCA Conference is on, and you can now book early bird tickets! Join us for a week of engagi… https://t.co/1Ah2KBrbzL

We're hiring an Events Manager to organise and deliver AVCA’s events and training, including conferences, webinars,… https://t.co/buvQx5JOLQ

👩🏾‍💻 Women-led startups raising millions 🌍 Influx of international capital 🦄 More homegrown unicorns 2021 was a fa… https://t.co/lhy7x3UvUX

RT @CDCgroup: For #COP26, we produced a series of videos for our YouTube channel all focused on: ✅ The role of investment in supporting cl…

;