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Project Brief - Atlantic coast regional fund II
Equity investment in Atlantic Coast Regional Fund (“ACRF-II” or “the Fund”), a 10-year regional private equity fund targeting a USD 300 million capitalization to invest in African Companies with strong regional growth potential. ACRF-II target sectors and regions are; agribusiness, logistics and healthcare, infrastructure, financial services, consumer and retail, in West, Central and East Africa. AfDB was a key investor in the initial fund (ACRF-I) alongside other DFIs with a participation of USD 15 million increased by USD 10 million in 2013. ACRF-II is the continuation of a proven and successful investment strategy in the target regions. It is an opportunity for the Bank through one investment to contribute in spurring entrepreneurship and regional growth across multiple strategic sectors in three regions while maximizing the value for its investment.