Scalable Enterprises - Direct investments and funds

InvestmentCountryInvestment yearSectorInstrumentOwnership shareDomicileCommitted (MNOK)
African Forestry Impact Platform (AFIP)Regional2023Forestry and loggingFunds 38%Singapore764.7
Development Partners International IIIRegional2019Investment fundsFunds 5%Guernsey402.9
AgDevCoRegional2022Agriculture, forestry and fishingEquity 8%United Kingdom395.6
AfgriSouth Africa2024Crop and animal production, hunting and related service activitiesLoans 0%South Africa360.7
AfricInvest Fund IVRegional2020Investment fundsFunds 7%Mauritius309.6
Vantage Mezzanine Fund IV – USDRegional2021Sector-agnostic fundFunds 13%South Africa260.9
Helios IVRegional2021Investment fundsFunds 8%Guernsey253.3
Navis CLMVRegional2020Investment fundsFunds 17%Cayman Islands252.1
Meridiam Africa Fund IIRegional2020Investment fundsFunds 4%France227.0
Alterra Africa Accelerator FundRegional2021Investment fundsFunds 16%Mauritius225.3
ECP Africa Fund IVRegional2022Investment fundsFunds6%Mauritius223.2
Adenia Capital VRegional2018Investment fundsFunds 5%Mauritius223.0
Phatisa Food Fund 2Regional2021Agriculture, forestry and fishingFunds 14%Mauritius211.3
Irvine LimitedMauritius2024Crop and animal production, hunting and related service activitiesEquity 35%Mauritius200.0
Verod Capital Growth Fund IIIRegional2019Investment fundsFunds 11%Mauritius194.1
Nouvelle Mici Embaci (NME)Ivory Coast2023Manufacture of paper and paper productsEquity 26%Ivory Coast173.4
FIPA IIRegional2016Investment fundsFunds 38%Luxembourg170.9
Excelsior Vietnam IIVietnam2024Sector-agnostic fundFunds 15%Singapore170.3
Navis Asia Credit FundRegional2024Sector-agnostic fundFunds 11%Singapore170.3
European Financing Partners SAGlobal2006Investment fundsLoans Equity8%None168.9
African Rivers Fund IVRegional2023Sector-agnostic fundFunds ?Mauritius167.7
Vietnam Investments Fund IVVietnam2021Investment fundsFunds 18%Cayman Islands165.6
KV Asia Fund IIRegional2020Investment fundsFunds 7%Cayman Islands164.7
CASEIF IVRegional2022Agribusiness fundFunds 26%Canada159.7
Openspace Ventures IIIRegional2018Investment fundsInvestment funds8%Cayman Islands153.0
Hela Investment HoldingsRegional2022Manufacture of textilesLoans 0%Mauritius151.7
Cepheus Growth Capital FundEthiopia2018Investment fundsFunds 20%Mauritius148.7
Balaji EPZ LimitedKenya2023Manufacture of textilesLoans 0%Kenya145.8
African Rivers Fund IIIRegional2021Sector-agnostic fundFunds 19%Mauritius143.3
Openspace Venture Fund IVRegional2024Sector-agnostic fundFunds 8%Cayman Islands141.4
Agri-Vie IIRegional2017Investment fundsFunds 11%Mauritius139.5
OH EcosystemsNigeria2023Crop and animal production, hunting and related service activitiesLoans 0%Delaware136.2
FES LimitedRegional2020Crop and animal production, hunting and related service activitiesLoans Equity 23%Mauritius127.9
Nawiri Group Ltd.Regional2013Other tourism activitiesLoans Equity 32%Mauritius127.9
GroFin SGB Fund Limited PartnershipRegional2015Investment fundsFunds 19%Mauritius125.6
Kagera Sugar LimitedTanzania2020Crop and animal production, hunting and related service activitiesLoans 0%Tanzania124.1
Fanisi Capital Fund IIRegional2017Investment fundsFunds 43%Mauritius123.7
Miniplast LimitedGhana2023Manufacture of rubber and plastics productsLoans 0%Ghana119.2
Lilongwe Dairy (2001) LimitedMalawi2020Crop and animal production, hunting and related service activitiesEquity 25%Malawi117.1
Seba FoodsZambia2021Manufacture of beveragesLoans 0%Zambia113.5
TNB Aura Fund IIIRegional2024Sector-agnostic fundFunds 12%Singapore113.5
Excelsior VietnamVietnam2020Manufacture of beveragesFunds 19%Singapore113.5
Novastar Ventures Africa Fund IIIRegional2023Sector-agnostic fundFunds United Kingdom113.4
SAMANUEthiopia2022Manufacture of food products Equity 8%Mauritius113.3
AFMF: ASEAN Frontier Markets FundRegional2021Investment fundsFunds 20%Singapore112.1
Norrsken22 FundRegional2023Sector-agnostic fundFunds 5%Sweden111.2
Valency International Trading SARLIvory Coast2022Agriculture, forestry and fishingLoans 0%Singapore110.5
ANBSouth Africa2023Crop and animal production, hunting and related service activities Equity 0%South Africa107.9
Ascent Rift Valley Fund IIRegional2020Investment fundsFunds 9%Mauritius106.6
Marginpar GroupRegional2018Crop and animal production, hunting and related service activitiesLoans Equity26%Mauritius101.4
MvuviRegional2024Fishing and aquacultureEquity 44%Mauritius99.3
Cambodia Laos Myanmar Development Fund IIRegional2015Investment fundsFunds 16%Singapore98.3
TerramarRegional2022Wholesale trade, except of motor vehicles and motorcyclesEquity 45%Mauritius95.0
MOF IIMyanmar2018Investment fundsFunds 14%Cayman Islands90.3
Novastar Ventures East Africa FundRegional2013Investment fundsFunds 13%Mauritius90.3
Sundry FoodsNigeria2019Manufacture of food productsEquity 16%Nigeria83.4
NeofreshRegional2017Crop and animal production, hunting and related service activitiesLoans Equity 33%Mauritius80.8
TNB Aura Fund IIRegional2022Investment fundsFunds 11%Singapore75.0
CASEIF IIIRegional2014Agribusiness fundFunds 24%Canada74.6
Continental Blue Investment (CBI) Ltd.Ghana2022Manufacture of other non-metallic mineral productsEquity 10%Ghana73.8
Ascent Rift Valley Fund LtdRegional2013Investment fundsFunds 13%Mauritius71.7
Spear Africa Holding IIRegional2017Investment fundsFunds 19%Mauritius70.7
Redsun Raisins and NutsSouth Africa2022Manufacture of food productsEquity 23%South Africa70.0
Novastar Ventures Africa Fund IIRegional2020Investment fundsFunds 7%Mauritius69.3
Vertical Agro (Sunripe & Serengeti Fresh)Regional2014Crop and animal production, hunting and related service activitiesLoans0%Mauritius69.0
Neoma Africa FundRegional2008Investment fundsFunds 11%Mauritius67.8
Kinyeti Capital LtdSouth Sudan2012Other financial servicesEquity 49%South Sudan67.5
CORECORegional2012Other financial servicesFunds 22%Delaware67.4
Synercore Holdings Proprietary LimitedSouth Africa2022Manufacture of food productsLoans Equity 39%South Africa62.9
Kim FayKenya2024Manufacture of paper and paper productsLoans0%Kenya62.4
EcoEnterprises Partners III, LPRegional2018Agribusiness fundFunds 5%Ireland59.4
Vantage Mezzanine Fund IV – ZARRegional2021Investment fundsFunds 6%South Africa53.7
Fundo de Investimento Privado-AngolAngola2009Investment fundsFunds 26%Luxembourg53.4
Freight in TimeRegional2015Transportation and storageEquity24%Mauritius53.1
CarDekho SEAIndonesia2023FintechEquity3%Indonesia51.1
BPI Africa LLCRegional2015Investment fundsFunds 17%Mauritius51.0
Frontier FundBangladesh2010Investment fundsFunds 11%Cayman Islands50.9
Africa Health Fund (Aureos)Regional2011Investment fundsFunds 10%South Africa44.8
Lona GroupSouth Africa2022Crop and animal production, hunting and related service activitiesEquity17%Mauritius43.8
Aureos South Asia Fund (Holdings)Regional2006Investment fundsFunds 24%Mauritius42.1
GroFin Africa FundRegional2008Investment fundsFunds 0%Mauritius39.8
Oasis Africa FundRegional2017Investment fundsFunds 10%Ghana39.0
African Century Infrastructure Services Ltd.Regional2014Other service activitiesLoans Equity20%Mauritius38.0
Nyama World Malawi LtdMalawi2017Crop and animal production, hunting and related service activitiesLoans0%Malawi37.5
Solon Capital HoldingsRegional2020Investment fundsFunds 30%Mauritius35.8
Nordic Horn of Africa Opportunities FundSomalia2018Investment fundsFunds 11%Canada35.5
ACI Motors LtdBangladesh2021Manufacture of motor vehicles, trailers and semi-trailersEquity3%Netherlands35.4
Lake Harvest GroupRegional2013Fishing and aquacultureLoans0%Mauritius33.5
Frontier Fund IIMozambique2016Investment fundsFunds 10%Cayman Islands30.8
African Century Real Estates Ltd.Myanmar2015Construction of buildingsEquity21%Mauritius29.5
Frontiir Co. Ltd.Regional2019Information service activitiesEquity2%British Virgin Islands26.9
Afrinord Hotel InvestmentsRegional2005HotelsLoans Equity20%Denmark21.9
Vantage Mezzanine Fund IIRegional2011Investment fundsFunds 5%South Africa21.6
Voxtra East Africa Agribusiness IniRegional2011Agriculture, forestry and fishingFunds 30%Norway20.6
Neoma South-East Asia Fund IIRegional2010Investment fundsFunds 2%Canada20.4
Agri-VieRegional2010Agriculture, forestry and fishingFunds 9%South Africa20.2
APIDC Biotech FundIndia2005Investment fundsFunds 8%Mauritius16.0
Antler East Africa Fund IRegional2020Investment fundsFunds 11%Cayman Islands16.0
Associated Foods Zimbabwe (AFZ)Zimbabwe2016Manufacture of food productsLoans 0%Zimbabwe15.9
Aureos Southern Africa FundRegional2003Investment fundsFunds 25%Mauritius7.5
Africado Ltd.Tanzania2009Agriculture, forestry and fishingEquity33%Mauritius4.5
Aureos East Africa FundRegional2003Investment fundsFunds 20%Mauritius3.9
CASEIF IIRegional2007Agribusiness fundFunds 14%Bahamas3.7
Katapult AfricaRegional2022Investment fundsFunds 17%Rwanda2.5
Aureos West Africa FundRegional2003Investment fundsFunds 26%Mauritius1.9
Angola Capital Partners LLCAngola2009Investment fundsEquity 48%Delaware1.4
Evolution One FundRegional2009EnergyFunds 7%South Africa1.2
Lafise Investment ManagementBahamas1999Financial institutions fundEquity 20%Bahamas0.02