Fund vehicle

I&P Afrique Entrepreneurs I (IPAE)

Compiled from public sources

I&P Afrique Entrepreneurs 1 (IPAE 1) is a generalist impact fund that provides equity and quasi-equity financing to small and medium-sized enterprises (SMEs) and microfinance institutions (MFIs) in Sub-Saharan Africa. Managed by I&P, the fund targets the "missing middle"—businesses that are too large for microfinance but too small for traditional private equity. IPAE 1 typically takes minority stakes in companies during their start-up or expansion phases, offering both growth capital and intensive managerial support. The fund focuses on sectors that contribute to local development, primarily in West Africa, Central Africa, and the Indian Ocean, with the aim of fostering a new generation of responsible African entrepreneurs. The fund had a target of €50 million but achieved a final close of €53.9 million.

Manager

Investisseurs & Partenaires

Vintage

2012

Strategy

Private Equity

Target size

$62m

Size

$71m

Status

Closed