Ascent Rift Valley Fund Ltd
Africa
Region
71.6
Commitment (MNOK)
Active
Status
The Ascent Rift Valley Fund is an SME fund that is operating in East Africa and managed by Ascent Capital. The fund has a hands on approach with presence in Ethiopia, Kenya and Uganda, and is targeting an average deal size of approximately USD 3.5 million
NORFUND is investor NO. 1
Key information
- Sector:
- SME Funds
- Commitment (MNOK):
- 71.6
- Year:
- 2013
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Mauritius
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development
Video: International Clinical Laboratories (ICL) is one of Norfund’s investments in Ethiopia through Ascent.
Links
Additionality for Ascent Rift Valley Fund II
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in the most difficult business environments
- Investing in high risk instruments
- Taking an active role in investments
- Supporting enterprise improvements