Fund vehicle

African Rivers Fund III LP

Compiled from public sources

African Rivers Fund III is a private equity fund managed by XSML Capital Limited, an independent fund manager focused on Central and East Africa. The fund's primary objective is to provide long-term finance in the form of debt, equity, and mezzanine instruments to growing, well-managed small and medium-sized enterprises (SMEs) in underserved frontier markets. It specifically targets Angola, the Democratic Republic of Congo (DRC), Uganda, the Republic of Congo, and surrounding countries. ARF III aims to address the significant financing gap for SMEs in these regions, where access to traditional bank lending and private equity is very limited. The fund also focuses on promoting ESG best practices within its portfolio companies and providing management guidance to institutionalize them in terms of reporting, financial management, and governance.

Manager

XSML Capital Limited

Vintage

2020

Strategy

Private Credit

Target size

$75m

Size

$85m

Status

Fully Invested