Ascent Rift Valley Fund II
Africa
Region
102.7
Commitment (MNOK)
Active
Status
Ascent Rift Valley Fund II is an East-African private equity fund operating in Kenya, Ethiopia & Uganda. The fund aims to invest between USD 5-15m in SMEs with the potential of becoming regional champions.
The fund will systematically be co-managed with Fanisi Capital Fund II, which has USD 19.0m of available commitments (in addition to the USD 94.9m of AVRF II). Norfund's equity share is calculated based on aggregate total commitments (incl. the Fanisi amount).
Key information
- Sector:
- SME Funds
- Commitment (MNOK):
- 102.7
- Year:
- 2020
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Mauritius
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development