AfricInvest Financial Inclusion Vehicle LLC

AfricInvest Financial Inclusion Vehicle (FIVE) is a company targeting equity investments in Tier II and Tier III financial institutions in Africa. It is established and will be managed by AfricInvest, one of the leading private equity players in Africa. FIVE has by the fourth closing in May 2019 raised EUR 82.5 million and in addition has received conditional commitments of another EUR 10 million each from FMO and Norfund. FIVE is seeking to raise EUR 120 million, with a long-term goal of raising a total of EUR 200 million. The company is structured as an Evergreen.