Fund of funds

FSDAi Nyala Facility B.V.

Compiled from public sources

FSDAi Nyala Facility B.V. is a catalytic financing facility established by FSD Africa Investments (FSDAi), the investment arm of FSD Africa. Launched in June 2022, it operates as a partnership with the Collaborative for Frontier Finance (CFF) and is managed by Nyala Venture (a joint venture of Cardano Development and Total Impact Capital Europe). The facility's primary mission is to provide critical anchor funding to an emerging class of "Local Capital Providers" (LCPs) in Sub-Saharan Africa. These LCPs are typically indigenous fund managers who finance small and growing businesses (SGBs) in the "missing middle" segment. FSDAi Nyala Facility B.V. aims to address systemic gaps in SGB finance, promote gender-lens investing, and demonstrate the viability of LCPs to attract larger market-based capital, thereby strengthening financial markets across Africa.