DI Frontier Fund 2
Frontier Energy Fund II (Fund II) is an early-stage renewable energy fund focused on East Africa.
- Website:
- http://frontier.dk/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$30m |
Africa, East Africa, Southern Africa, West Africa |
Infrastructure |
March 2017 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Bihongora Hydropower Ltd
|
Rwanda |
East Africa |
Infrastructure |
Renewable |
June 2020 |
Active |
|
Bukwo HPP Ltd
|
Uganda |
East Africa |
Infrastructure |
|
June 2019 |
Exited |
|
BVC Geothermal Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Chania Green Generation Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
March 2018 |
Active |
|
Dariak Properties Limited
|
Kenya |
East Africa |
Infrastructure |
|
December 2021 |
Active |
|
DC Frontier Energy Ltd
|
Rwanda |
East Africa |
Infrastructure |
Renewable |
March 2018 |
Active |
|
Djibouti Solar Park 1 Ltd
|
Djibouti |
East Africa |
Infrastructure |
|
October 2018 |
Exited |
|
Eldosol Energy Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
March 2018 |
Active |
|
Elemental Energy Ltd.
|
Uganda |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Enventure Africa S.A.
|
Mozambique |
East Africa |
Infrastructure |
Renewable |
June 2019 |
Active |
|
Esikipeto Power Generation Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Frontier Energy Hydropower Ltd
|
Zambia |
Southern Africa |
Infrastructure |
Renewable |
January 2019 |
Active |
|
Great Zimbabwe Hydro Power
|
Zimbabwe |
Southern Africa |
Infrastructure |
Renewable |
September 2021 |
Active |
|
Greenewus Energy Africa Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Kiwira Energy Ltd
|
Tanzania |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Lungi Power Development PLC
|
Sierra Leone |
West Africa |
Infrastructure |
Renewable |
March 2022 |
Active |
|
Momba Hydropower Ltd
|
Tanzania |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Momnai Energy Limited
|
Kenya |
East Africa |
Infrastructure |
Renewable |
November 2021 |
Active |
|
Monkey Bay Solar Plant Limited
|
Malawi |
Southern Africa |
Infrastructure |
Renewable |
March 2022 |
Active |
|
Mukoki HPP Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
January 2019 |
Active |
|
Mzimba Wind Farm Limited
|
Malawi |
Southern Africa |
Infrastructure |
Renewable |
March 2021 |
Active |
|
Ndugutu Hydro Power Company Ltd.
|
Uganda |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Nithi Hydro Power
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Olsuswa Energy Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
July 2018 |
Active |
|
Planet Solar Energy (SL) Limited
|
Sierra Leone |
West Africa |
Infrastructure |
Renewable |
December 2021 |
Active |
|
Quantel Renewable Energy Limited (Bwengu)
|
Malawi |
Southern Africa |
Infrastructure |
Renewable |
December 2021 |
Active |
|
Radiant Energy Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2017 |
Active |
|
Range Wind Park Limited
|
Kenya |
East Africa |
Infrastructure |
|
October 2019 |
Exited |
|
Rukarara VI HPP Ltd
|
Rwanda |
East Africa |
Infrastructure |
|
October 2018 |
Exited |
|
Rwenzori Hydro (PVT) Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
September 2017 |
Active |
|
Somalia Frontier Energy Company
|
Somalia |
East Africa |
Infrastructure |
Renewable |
March 2022 |
Active |
|
Wind for Prosperity Kenya
|
Kenya |
East Africa |
Infrastructure |
|
July 2018 |
Exited |
|
Ziba Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
October 2018 |
Active |
|
Djibouti, Kenya, Malawi, Mozambique, Rwanda, Sierra Leone, Somalia, Tanzania, Uganda, Zambia, Zimbabwe |
Africa, East Africa, Southern Africa, West Africa |
Infrastructure |
Active |
DI Frontier Market Energy & Carbon Fund
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 02
|
$13.59m |
Africa |
Infrastructure |
December 2013 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Akiira One Geothermal Company Ltd
|
Kenya |
East Africa |
Infrastructure |
Renewable |
September 2013 |
Active |
|
Elgon Hydro Siti (PVT) Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
September 2013 |
Active |
|
Lubilia Kawembe Hydro Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
June 2013 |
Active |
|
Nyamagasani II HPP Ltd
|
Uganda |
East Africa |
Infrastructure |
Renewable |
November 2013 |
Active |
|
Kenya, Rwanda, Tanzania, Uganda |
Africa |
Infrastructure |
Active |
Dolma Impact Fund II
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$10m |
South Asia |
Business and consumer services, Food and agriculture, Health, Infrastructure, Technology and telecoms |
May 2021 |
Active |
| Investment 02
|
$4.25m |
South Asia |
Business and consumer services, Food and agriculture, Health, Infrastructure, Technology and telecoms |
December 2022 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Chirayu Hospital
|
Nepal |
South Asia |
Health |
|
June 2023 |
Active |
|
Dugar Spices and Food Product Pvt. Ltd
|
Nepal |
South Asia |
Food and agriculture |
|
March 2024 |
Active |
|
Foodmandu Pvt. Ltd
|
Nepal |
South Asia |
Business and consumer services |
|
March 2023 |
Active |
|
National Path Labs
|
Nepal |
South Asia |
Health |
|
May 2024 |
Active |
|
Setikhola Hydropower Pvt. Ltd
|
Nepal |
South Asia |
Infrastructure |
Renewable |
April 2023 |
Active |
|
SR Foods Private Limited
|
Nepal |
South Asia |
Food and agriculture |
|
November 2025 |
Active |
|
Upaya City Cargo
|
Nepal |
South Asia |
Business and consumer services |
|
December 2021 |
Active |
|
WorldLink Communications Limited
|
Nepal |
South Asia |
Technology and telecoms |
|
March 2023 |
Active |
|
Nepal |
South Asia |
Business and consumer services, Food and agriculture, Health, Infrastructure, Technology and telecoms |
Active |
Dynamic India Fund S4 I
The fourth fund raised by ICICI Venture, India Advantage Fund IV, invests in a range of sectors, including manufacturing, IT, infrastructure, telecoms, utilities, online services, energy, pharmaceuticals, healthcare, education, media, financial services, and retail.
- Website:
- http://www.iciciventure.com
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$40m |
South Asia |
Financial services, Food and agriculture, Health, Manufacturing |
March 2017 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Anthea Group
|
India |
South Asia |
Manufacturing |
|
May 2017 |
Exited |
|
Cello World Private Limited
|
India |
South Asia |
Manufacturing |
|
October 2022 |
Active |
|
Coraggio (SPV -Magma HDI General Insurance)
|
India |
South Asia |
Financial services |
|
December 2021 |
Exited |
|
DCB Bank
|
India |
South Asia |
Financial services |
|
March 2018 |
Active |
|
Epack Durables Solutions Pvt Ltd
|
India |
South Asia |
Manufacturing |
|
September 2021 |
Exited |
|
Go Fashion (India) Pvt Ltd
|
India |
South Asia |
Manufacturing |
|
January 2018 |
Exited |
|
India1 Payments
|
India |
South Asia |
Financial services |
|
August 2019 |
Active |
|
KIMS Hospitals
|
India |
South Asia |
Health |
|
June 2021 |
Exited |
|
Solvy Tech Solutions Private Limited
|
India |
South Asia |
Financial services |
|
November 2022 |
Active |
|
Star Health and Allied Insurance Company Limited
|
India |
South Asia |
Financial services |
|
May 2017 |
Exited |
|
Theobroma Foods Private Limited
|
India |
South Asia |
Food and agriculture |
|
May 2017 |
Exited |
|
India |
South Asia |
Financial services, Food and agriculture, Health, Manufacturing |
Active |
Elevar India V
Elevar India V is managed by Elevar Partners. Elevar invests minority stakes in early-stage companies providing essential goods and services to underserved low-income populations in India.
The fund will target companies across four key themes which include financial inclusion, agriculture, education, and MSMEs providing business services across healthcare, housing, and through marketplaces.
It’s one of the few funds in India targeting solution-oriented businesses, which enable marginalised customers to overcome barriers of inequality and difficulty accessing goods and services.
Through its existing four funds, Elevar has supported the creation of approximately 70,000 jobs, served 370,000 SMEs and 310,000 smallholder farmers, and provided loans to 20 million women borrowers through Monetary Financial Institutions.
- Website:
- https://elevarequity.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$10m |
South Asia |
Business and consumer services, Financial services, Health |
December 2022 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
AV Financial Experts Network Private Limited
|
India |
South Asia |
Health |
|
December 2024 |
Active |
|
Cloudphysician International Pte. Ltd
|
India |
South Asia |
Health |
|
March 2023 |
Active |
|
Coverstack Technologies Private Limited
|
India |
South Asia |
Financial services |
|
December 2025 |
Active |
|
CureBay Technologies Pvt Ltd
|
India |
South Asia |
Health |
|
March 2023 |
Active |
|
LHI TV Private Limited
|
India |
South Asia |
Business and consumer services |
|
March 2023 |
Active |
|
Niro
|
India |
South Asia |
Financial services |
|
March 2023 |
Exited |
|
Samunnati Agri Value Chain Solutions Pvt Ltd
|
India |
South Asia |
Financial services |
|
March 2023 |
Active |
|
SarvaGram Solutions Private Limited
|
India |
South Asia |
Financial services |
|
March 2023 |
Active |
|
Stride Fintree Pvt. Ltd.
|
India |
South Asia |
Financial services |
|
March 2023 |
Active |
|
Tapsys Private Limited
|
India |
South Asia |
Financial services |
|
March 2024 |
Active |
|
Umoja Marketplace Technologies Private Limited
|
India |
South Asia |
Business and consumer services |
|
December 2024 |
Active |
|
India |
South Asia |
Business and consumer services, Financial services, Health |
Active |
Endure Capital 21 C.V.
Endure Capital is an early-stage ventuer capital firm headed by entrepreneurs. The fund aims to back resourceful and imaginative founders solving genuine problems across Africa, with a focus on Egypt.
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$5m |
North Africa |
Business and consumer services, Financial services, Food and agriculture, Technology and telecoms |
December 2021 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Breadfast
|
Egypt |
North Africa |
Business and consumer services |
|
January 2022 |
Exited |
|
Brimore
|
Egypt |
North Africa |
Technology and telecoms |
|
January 2022 |
Active |
|
Cassbana B.V.
|
Egypt |
North Africa |
Financial services |
|
September 2022 |
Active |
|
Elshuna
|
Egypt |
North Africa |
Food and agriculture |
|
September 2022 |
Active |
|
MaxAB B.V.
|
Egypt, Morocco |
North Africa |
Business and consumer services |
|
March 2024 |
Active |
|
Pylon
|
Egypt |
North Africa |
Technology and telecoms |
|
January 2022 |
Active |
|
Suplyd for Electronic Trading LLC
|
Egypt |
North Africa |
Technology and telecoms |
|
September 2022 |
Active |
|
Egypt |
North Africa |
Business and consumer services, Financial services, Food and agriculture, Technology and telecoms |
Active |
Energy Access Ventures Fund
Energy Access Ventures Fund (EAVF) specialises in early and growth capital for businesses active in the energy value chain that focus on underserved households and businesses.
- Website:
- http://www.eavafrica.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$18.63m |
Africa |
Financial services, Infrastructure, Manufacturing, Technology and telecoms |
February 2015 |
Active |
| Investment 02
|
$5.95m |
Africa |
Financial services, Infrastructure, Manufacturing, Technology and telecoms |
December 2017 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Bboxx Africa Ltd.
|
Cote d'Ivoire, Ghana, Senegal, West Africa |
Africa, West Africa |
Infrastructure |
Renewable |
June 2016 |
Active |
|
Candi Solar
|
Global |
Rest of the World |
Infrastructure |
Renewable |
July 2019 |
Active |
|
d.light
|
Kenya |
East Africa |
Infrastructure |
Renewable |
September 2016 |
Exited |
|
InspiraFarms
|
Kenya |
East Africa |
Manufacturing |
|
February 2017 |
Active |
|
ManoCap Energy
|
Ghana |
West Africa |
Infrastructure |
Renewable |
December 2019 |
Active |
|
Mawingu Networks
|
Kenya |
East Africa |
Technology and telecoms |
|
March 2019 |
Active |
|
Nuru
|
Democratic Republic of Congo |
Central Africa |
Infrastructure |
Renewable |
March 2019 |
Active |
|
Palgo
|
Kenya |
East Africa |
Financial services |
|
November 2018 |
Exited |
|
PayGo Energy
|
Kenya |
East Africa |
Technology and telecoms |
Fossil Fuel |
April 2017 |
Exited |
|
Solarise Africa
|
Kenya |
East Africa |
Financial services |
Renewable |
October 2018 |
Active |
|
SolarX
|
Mali |
West Africa |
Infrastructure |
Renewable |
June 2020 |
Active |
|
Sunculture Kenya Ltd
|
Kenya |
East Africa |
Infrastructure |
|
April 2017 |
Active |
|
ZIZ Energie
|
Chad |
Central Africa |
Infrastructure |
Renewable |
June 2020 |
Active |
|
Zola Electric
|
East Africa |
Africa |
Financial services |
|
November 2015 |
Active |
|
Zonful Solar Energy
|
Zimbabwe |
Southern Africa |
Financial services |
|
November 2018 |
Active |
|
Chad, Democratic Republic of Congo, East Africa, Ghana, Global, Kenya, Mali, Senegal, Zimbabwe |
Africa |
Financial services, Infrastructure, Manufacturing, Technology and telecoms |
Active |
Enko Impact Credit Fund L.P.
The Enko Impact Credit Fund L.P. is an Africa-focused asset manager. The fund provides U.S. dollar-denominated private credit to mid-market companies across sub-Saharan Africa, focusing on sectors like agriculture, telecommunications, and renewable energy
- Website:
- https://enkocapital.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$30m |
Africa |
|
August 2025 |
Active |
|
|
Africa |
|
Active |
Equator Africa Fund
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 02
|
$3.75m |
Africa |
Financial services, Food and agriculture, Infrastructure, Manufacturing |
January 2023 |
Active |
| Investment 03
|
$10m |
Africa |
Financial services, Food and agriculture, Infrastructure, Manufacturing |
January 2023 |
Active |
| Investment 01
|
$1m |
Africa |
Financial services, Food and agriculture, Infrastructure, Manufacturing |
February 2024 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Apollo Agriculture, Inc.
|
Kenya |
East Africa |
Financial services |
|
June 2023 |
Active |
|
Downforce Technologies Pvt. Ltd
|
Australia, United Kingdom |
Rest of the World |
Food and agriculture |
|
June 2024 |
Active |
|
IBISA S.A.R.L.
|
Central Asia |
Rest of the World |
Financial services |
|
March 2024 |
Active |
|
Leta Incorporation
|
Kenya |
East Africa |
Technology and telecoms |
|
March 2025 |
Active |
|
Odyssey Energy Solutions Procure I, INC.
|
Benin, Brazil, Cameroon, Colombia, Cote d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Global, Haiti, India, Indonesia, Kenya, Laos, Liberia, Madagascar, Malaysia, Mali, Mauritania, Mozambique, Nigeria, Sierra Leone, Singapore, Tanzania, Thailand, Togo, Uganda, Zambia |
Caribbean, Central Africa, East Africa, Global, South America, South Asia, Southeast Asia, Southern Africa, West Africa |
Infrastructure |
Renewable |
June 2023 |
Active |
|
Open Access Energy Proprietary Limited
|
South Africa |
Southern Africa |
Infrastructure |
|
June 2025 |
Active |
|
Roam Electric AB
|
Kenya |
East Africa |
Manufacturing |
|
June 2023 |
Active |
|
Savant Group Limited
|
Cote d'Ivoire, Kenya, Togo, Uganda, Zambia |
East Africa, Southern Africa, West Africa |
Infrastructure |
|
June 2023 |
Active |
|
SteamaCo
|
Nigeria |
West Africa |
Infrastructure |
|
October 2024 |
Active |
|
Kenya, Nigeria |
Africa |
Financial services, Food and agriculture, Infrastructure, Manufacturing |
Active |
Ethos Mezzanine Partners 3
Ethos Mezzanine Partners III, is the third mezzanine fund to be raised by Ethos Mezzanine Partners, the fund manager.
- Website:
- https://ethos.co.za/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$20m |
Africa, East Africa, Southern Africa |
Construction and real estate, Food and agriculture, Infrastructure, Manufacturing |
May 2018 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Balaji EPZ Limited
|
Kenya |
East Africa |
Manufacturing |
|
December 2023 |
Active |
|
Chibuku Products Holdings Limited
|
Malawi |
Southern Africa |
Food and agriculture |
|
August 2018 |
Active |
|
Gigajoule Proprietary Limited
|
Mozambique |
East Africa |
Infrastructure |
Fossil Fuel |
June 2024 |
Active |
|
Grit Services Limited
|
Mauritius |
East Africa |
Construction and real estate |
|
December 2021 |
Active |
|
Kinetic Holdings
|
Kenya |
East Africa |
Manufacturing |
|
March 2023 |
Exited |
|
Turaco
|
Ethiopia |
East Africa |
Manufacturing |
|
July 2020 |
Active |
|
Ethiopia, Kenya, Malawi, Mauritius, Mozambique |
Africa, East Africa, Southern Africa |
Construction and real estate, Food and agriculture, Infrastructure, Manufacturing |
Active |
EuroMena III
The EuroMena III fund is pursuing a similar strategy to its predecessors, looking to acquire majority or minority stakes in small and medium-sized enterprises (SMEs) in the Levant, North Africa and sub-Saharan Africa to support local and regional expansion.
- Website:
- http://www.capitaltrustltd.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$20m |
Africa |
Business and consumer services, Financial services, Health, Manufacturing |
June 2016 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Carbon Holdings
|
Egypt |
North Africa |
Manufacturing |
|
October 2018 |
Active |
|
Credit Libanais SAL
|
Lebanon |
Rest of the World |
Financial services |
|
June 2016 |
Exited |
|
Elephant Africa Holding
|
Nigeria |
West Africa |
Manufacturing |
|
August 2015 |
Active |
|
Indigo Company
|
Morocco |
North Africa |
Business and consumer services |
|
November 2015 |
Active |
|
Insulco
|
Lebanon |
Rest of the World |
Business and consumer services |
|
January 2020 |
Exited |
|
Novamed
|
Cote d'Ivoire |
West Africa |
Health |
|
February 2019 |
Active |
|
Retail Holding
|
Morocco |
North Africa |
Business and consumer services |
|
May 2017 |
Active |
|
Cote d'Ivoire, Egypt, Lebanon, Morocco, Nigeria, Tunisia |
Africa |
Business and consumer services, Financial services, Health, Manufacturing |
Active |
European Financing Partners V
Established in 2003, European Financing Partners (EFP) is an investment matching facility for European DFIs. The EFP allows them to effectively provide joint financing for sustainable development in selected African, Caribbean and Pacific private sectors
- Website:
- https://www.edfi.eu/facility/efp/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$33.06m |
East Africa |
Financial services, Infrastructure, Technology and telecoms |
September 2013 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Chase Bank (Kenya)
|
Kenya |
East Africa |
Financial services |
|
December 2014 |
Exited |
|
Eaton Towers – EFP V
|
Niger |
West Africa |
Technology and telecoms |
|
September 2016 |
Exited |
|
EFP V – Skye Bank
|
Nigeria |
West Africa |
Financial services |
|
September 2014 |
Exited |
|
Fidelity Bank Plc
|
Nigeria |
West Africa |
Financial services |
|
September 2014 |
Exited |
|
Ghana Home Loans
|
Ghana |
West Africa |
Financial services |
|
January 2017 |
Exited |
|
Helios Towers DRC
|
Democratic Republic of Congo |
Central Africa |
Technology and telecoms |
|
July 2015 |
Exited |
|
Mobisol GmbH
|
Tanzania |
East Africa |
Infrastructure |
|
September 2015 |
Exited |
|
Olkaria 4
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2016 |
Active |
|
Stanbic Bank
|
Africa |
Africa |
Financial services |
|
April 2015 |
Exited |
|
Africa, Democratic Republic of Congo, Ghana, Kenya, Niger, Nigeria, Tanzania |
East Africa |
Financial services, Infrastructure, Technology and telecoms |
Active |
Evercare Health Fund
Evercare is an integrated healthcare delivery platform operating in growth markets across Africa and South Asia, including India, Pakistan, Kenya and Nigeria. It helps communities thrive by improving patient access to clinic and hospital operations, leveraging technology and integration to increase the quality of care. Evercare is building a foundation of continuous quality improvement and standardized care to improve clinical outcomes and patient safety.
Evercare is wholly owned by the Evercare Health Fund, an emerging markets healthcare fund managed by TPG Growth, the middle market and growth equity investment platform of TPG that also manages The Rise Fund, a global impact investing fund.
- Website:
- https://www.tpg.com/platforms/growth/tpg-growth/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$49.2m |
Asia, East Africa, South Asia, West Africa |
Health |
June 2019 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Avicenna Healthcare 1 Pak (Project Rome)
|
Pakistan |
South Asia |
Health |
|
June 2019 |
Active |
|
Evercare Hospital Dhaka
|
Bangladesh |
South Asia |
Health |
|
March 2020 |
Active |
|
Evercare Hospital Lahore
|
Pakistan |
South Asia |
Health |
|
June 2019 |
Active |
|
Evercare Hospital Lekki
|
Nigeria |
West Africa |
Health |
|
June 2019 |
Active |
|
Islamabad Diagnostics Centre
|
Pakistan |
South Asia |
Health |
|
June 2019 |
Active |
|
Metropolitan Hospital Holdings Limited
|
Kenya |
East Africa |
Health |
|
June 2019 |
Exited |
|
Nairobi Women’s Hopital (Healthlink Management Limited)
|
Kenya |
East Africa |
Health |
|
June 2019 |
Active |
|
Perregrin Properties Limited (Project Sante)
|
Nigeria |
West Africa |
Health |
|
June 2019 |
Active |
|
The Avenue Group Limited
|
Kenya |
East Africa |
Health |
|
June 2019 |
Active |
|
Touch Holdco 3 Private Limited
|
India |
South Asia |
Health |
|
June 2019 |
Active |
|
Bangladesh, India, Kenya, Nigeria, Pakistan |
Asia, East Africa, South Asia, West Africa |
Health |
Active |
Evolution II Fund
Evolution II Fund will increase access to renewable energy across sub-Saharan Africa, helping to tackle climate change.
- Website:
- https://inspiredevolution.co.za/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$20m |
Africa, East Africa, Southern Africa, West Africa |
Infrastructure |
June 2019 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Alten Africa
|
Africa |
Africa |
Infrastructure |
Renewable |
March 2018 |
Active |
|
Alten Hardap
|
Namibia |
Southern Africa |
Infrastructure |
Renewable |
March 2018 |
Exited |
|
Alten Kesses
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2019 |
Active |
|
Commercial Energy SA (Pty) Ltd
|
South Africa |
Southern Africa |
Infrastructure |
Renewable |
January 2019 |
Active |
|
d.light
|
Kenya |
East Africa |
Infrastructure |
Renewable |
December 2018 |
Active |
|
Escotel Mauritius
|
Africa |
Africa |
Infrastructure |
Renewable |
November 2020 |
Active |
|
Generale Du Solaire
|
Senegal |
West Africa |
Infrastructure |
|
March 2023 |
Exited |
|
Gigawatt Global Burundi SA
|
Burundi |
East Africa |
Infrastructure |
Renewable |
June 2019 |
Active |
|
ManoCap Energy
|
Ghana |
West Africa |
Infrastructure |
Renewable |
December 2019 |
Active |
|
Red Rocket (Building Energy Africa)
|
Africa, Zambia |
Africa, Southern Africa |
Infrastructure |
Renewable |
March 2020 |
Active |
|
Rensource Holdings Inc
|
Nigeria |
West Africa |
Infrastructure |
Renewable |
December 2019 |
Active |
|
Virtus Energy Solutions Limited
|
Nigeria |
West Africa |
Infrastructure |
|
December 2019 |
Active |
|
Africa, Burundi, Ghana, Kenya, Namibia, Nigeria, Senegal, South Africa, Zambia |
Africa, East Africa, Southern Africa, West Africa |
Infrastructure |
Active |
Ezdehar Egypt Mid-Cap Fund
The Egypt Mid-Cap Fund was established by Ezdehar Management in 2014 in response to unmet demand for investment in Egypt following the Arab Spring, particularly in the less penetrated SME segment.
The fund manager team comprises Egyptian nationals who have a mix of investment and operational experience both in Egypt and internationally.
The fund has a target size of $100 million with a hard cap of $120 million.
- Website:
- http://www.ezdehar.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$15m |
North Africa |
Business and consumer services, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing |
September 2016 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Al Tayseer HC Group
|
Egypt |
North Africa |
Health |
|
August 2020 |
Active |
|
Dsquares
|
Egypt |
North Africa |
Business and consumer services |
|
May 2018 |
Exited |
|
Eagle Chemical Group Ltd
|
Egypt |
North Africa |
Manufacturing |
|
May 2021 |
Active |
|
Family Group
|
Egypt |
North Africa |
Infrastructure |
|
October 2019 |
Exited |
|
Global Leasing Co Ltd
|
Thailand |
Rest of the World |
Financial services |
|
February 2018 |
Exited |
|
Nile Aluminum & Metals Company S.A.E. (AluNile)
|
Egypt |
North Africa |
Manufacturing |
|
February 2017 |
Exited |
|
Rich Foods Industries
|
Egypt |
North Africa |
Food and agriculture |
|
December 2019 |
Active |
|
Egypt, Thailand |
North Africa |
Business and consumer services, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing |
Active |
Ezdehar Mid cap Fund II
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$25m |
North Africa |
Business and consumer services, Food and agriculture, Health, Manufacturing |
December 2021 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Kemet for Natural Food S.A.E.
|
Egypt |
North Africa |
Food and agriculture |
|
September 2025 |
Active |
|
Naturale BV
|
Egypt |
North Africa |
Business and consumer services |
|
October 2024 |
Active |
|
SETA Textiles SAE
|
Egypt |
North Africa |
Business and consumer services |
|
December 2023 |
Active |
|
Yes-Pac Ltd
|
Egypt |
North Africa |
Manufacturing |
|
April 2024 |
Active |
|
Yodawy Inc
|
Egypt |
North Africa |
Health |
|
December 2023 |
Active |
|
Zahran Market S.A.E., Project Lighthouse
|
Egypt |
North Africa |
Business and consumer services |
|
August 2022 |
Active |
|
Egypt |
North Africa |
Business and consumer services, Food and agriculture, Health, Manufacturing |
Active |
Faering Capital Fund III
Faering Capital Fund III aims to provide growth capital to mid-market companies in India in sectors such as financial services, consumer products and services, healthcare, and logistics to tap into the country’s consumer growth.
- Website:
- https://www.faeringcapital.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$25m |
South Asia |
Business and consumer services, Financial services, Food and agriculture, Health |
November 2017 |
Exited |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Anthem BioSciences – Viridy Tone
|
India |
South Asia |
Health |
|
June 2021 |
Exited |
|
BookMyForex
|
India |
South Asia |
Manufacturing |
|
February 2016 |
Exited |
|
Computer Age Management Services Private Limited
|
India |
South Asia |
Financial services |
|
April 2019 |
Exited |
|
Finova Capital Private Limited
|
India |
South Asia |
Financial services |
|
March 2019 |
Exited |
|
FSN E Commerce Ventures Private Ltd (Nykaa)
|
India |
South Asia |
Business and consumer services |
|
November 2020 |
Exited |
|
Go Digit
|
India |
South Asia |
Financial services |
|
January 2020 |
Exited |
|
Max Bupa HI
|
India |
South Asia |
Health |
|
December 2019 |
Exited |
|
Prataap Snacks
|
India |
South Asia |
Food and agriculture |
|
June 2016 |
Exited |
|
Pureplay Skin Sciences
|
India |
South Asia |
Business and consumer services |
|
November 2020 |
Exited |
|
Utkarsh Corelnvest Limited
|
India |
South Asia |
Financial services |
|
October 2017 |
Exited |
|
WheelsEMI
|
India |
South Asia |
Financial services |
|
December 2018 |
Exited |
|
India |
South Asia |
Business and consumer services, Financial services, Food and agriculture, Health |
Exited |
Fibonacci India Fund Co Limited (Phi Capital)
The Phi Capital Growth Fund I is a pan-India focused fund that focuses on small to medium-sized enterprises (SMEs). It looks to invest in the auto, retail, manufacturing, financial services, and education sectors.
- Website:
- http://www.phicapital.in/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$25m |
South Asia |
Construction and real estate, Health, Manufacturing |
November 2016 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
AuthBridge Research Services Private Limited
|
India |
South Asia |
Construction and real estate |
|
December 2021 |
Active |
|
Classic Legends Private Limited
|
India |
South Asia |
Manufacturing |
|
October 2017 |
Active |
|
Krsnaa Diagnostics Private Limited
|
India |
South Asia |
Health |
|
January 2019 |
Active |
|
Minda Corporation Ltd
|
India |
South Asia |
Manufacturing |
|
October 2020 |
Exited |
|
The Arya Vaidya Pharmacy (Coimbatore) Limited
|
India |
South Asia |
Health |
|
June 2017 |
Active |
|
India |
South Asia |
Construction and real estate, Health, Manufacturing |
Active |
Frontier Bangladesh II LP
Frontier Bangladesh fund I, raised in 2009, was the first Bangladesh focused private equity fund raised in the market.
The Frontier Bangladesh II LP fund, the successor to Frontier Bangladesh I, invests in mid-sized companies in Bangladesh to support the country’s nascent private equity market.
It focuses on the healthcare, agriculture, energy, solar power, food and beverage, consumer electronics and consumer finance sectors.
- Website:
- https://www.frontierbangladesh.com
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$20m |
South Asia |
Business and consumer services, Technology and telecoms |
April 2015 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Fiber @ Home Limited
|
Bangladesh |
South Asia |
Technology and telecoms |
|
December 2017 |
Active |
|
Zero Gravity Ventures Limited
|
Bangladesh |
South Asia |
Business and consumer services |
|
October 2017 |
Active |
|
Bangladesh |
South Asia |
Business and consumer services, Technology and telecoms |
Active |
Fund for Agriculture Finance in Nigeria
The Fund for Agricultural Finance in Nigeria (FAFIN) was established in 2014.
FAFIN invests in high-growth enterprises across the agricultural value chain in Nigeria, primarily in processing, livestock, storage, distribution, organic farming products and production.
As well as providing capital to these companies, the fund also offers a technical assistance facility to help strengthen their capacity.
- Website:
- www.sahelcp.com/
Investments made by BII into this fund:
|
Investment name |
Commitment |
Region |
Sector |
Start date |
Status |
| Investment 01
|
$15m |
Africa |
Business and consumer services, Food and agriculture, Manufacturing |
June 2017 |
Active |
Investments made by this fund into companies:
|
Investment name |
Country |
Region |
Sector |
Fossil Fuel or Renewable Exposure |
Start date |
Status |
|
Coscharis Farms Limited
|
Nigeria |
West Africa |
Food and agriculture |
|
May 2018 |
Exited |
|
Crest Agro Products Limited
|
Nigeria |
West Africa |
Food and agriculture |
|
April 2017 |
Active |
|
Dayntee Farms Limited
|
Nigeria |
West Africa |
Food and agriculture |
|
September 2016 |
Active |
|
Diamond Pearl Agro Allied Limited
|
Nigeria |
West Africa |
Food and agriculture |
|
December 2015 |
Active |
|
L&Z Integrated Farms Ltd
|
Nigeria |
West Africa |
Food and agriculture |
|
February 2015 |
Exited |
|
Ladgroup Limited
|
Nigeria |
West Africa |
Food and agriculture |
|
May 2019 |
Active |
|
Polyfilm Packaging
|
Nigeria |
West Africa |
Manufacturing |
|
November 2019 |
Active |
|
TradeDepot Inc
|
Nigeria |
West Africa |
Business and consumer services |
|
October 2021 |
Active |
|
Nigeria |
Africa |
Business and consumer services, Food and agriculture, Manufacturing |
Active |