Project: GROFIN SGB FUND LIMITED PARTNERSHIP

Objective: Provide finance and technical support to SMEs
Fund Size: USD 100 million (Equity), USD 25 million (Debt)
Jurisdiction: Mauritius
Operations: Kenya, Uganda, Rwanda, Tanzania, Nigeria, Ghana, Zambia, South Africa, Egypt, Ivory Coast and Senegal
Stakeholders: Shell Foundation, KfW, Dutch Growth Fund, Norfund, ELMA Foundation, Skoll Foundation, Calvert Foundation and FMO
Role: Fund design, setup with subsidiaries, drafting of fund documents and ongoing legal management
Structure: Tiered structure with senior and junior equity and debt instruments with a separate Technical Assistance Facility (Mauritian Trust) and in country subsidiaries

Project: LIQUIDATION - GROFIN AFRICA FUND

Objective: Liquidation of GroFin Africa Fund and subsidiaries
Fund Size: USD 30 million
Jurisdiction: Mauritius
Operations: Kenya, Uganda, Rwanda, Tanzania, Nigeria, Ghana, Zambia, and South Africa
Stakeholders: GroFin Managers (liquidator), EIB, Shell Foundation, IFC, FMO, Norfund, AFDB, and BII
Role: Administrator – Managing investor exits and the liquidation of the fund and subsidiaries
Structure: Equity fund domiciled in Mauritius with subsidiaries in South Africa, Zambia, Tanzania, Rwanda, and Ghana

Project: YOUTH@WORK FUND (not closed)

Objective: Create 25,000 jobs (50% women) through SME financing and employment platforms
Fund Size: Target USD 60 million
Jurisdiction: Netherlands
Operations: Kenya, Uganda, Nigeria, Senegal and Egypt
Stakeholders: GroFin Managers (liquidator), EIB, Shell Foundation, IFC, FMO, Norfund, AFDB, and BII
Role: Fund structuring, regulatory setup (Netherlands), early stage fund documentation
Structure: Blended finance with first loss junior equity and CFYE funded technical assistance

Project: ASPIRE SMALL BUSINESS and GROWTH FUNDS

Objective: Liquidation of GroFin Africa Fund and subsidiaries
Fund Size: USD 30 million
Jurisdiction: Mauritius
Operations: Kenya, Uganda, Rwanda, Tanzania, Nigeria, Ghana, Zambia, and South Africa
Stakeholders: GroFin Managers (liquidator), EIB, Shell Foundation, IFC, FMO, Norfund, AFDB, and BII
Role: Administrator – Managing investor exits and the liquidation of the fund and subsidiaries
Structure: Equity fund domiciled in Mauritius with subsidiaries in South Africa, Zambia, Tanzania, Rwanda, and Ghana

Project: HANGA AHAZAZA PROJECT

Objective: Provide finance and technical support to young men and women entrepreneurs in the in the tourism and hospitality sector in Rwanda
Fund Size: USD 1 million
Jurisdiction: Mauritius
Operations: Rwanda
Stakeholders: Mastercard Foundation
Role: Legal advisor for programme incorporation and monitoring in Rwanda
Structure: Debt to SME’s in Rwanda as an extension of the SGB Fund and Technical Assistance Facility (Mauritian Purpose Trust)