FEFII invests USD 500,000 - 3.5 million in unlisted SMEs in Ghana that have a turnover of less than USD 10.0 million, sound track record, profit history, positive cash flows and are on the threshold of expansion. The fund generally takes significant minority positions, with a possibility to acquire control where needed. Investments are structured to achieve low capital risk and equity cost to the fund, and to ensure proper incentive of management and shareholders. On an opportunistic basis the fund also invests in start-up or early-stage businesses, where its strategy is to take advantage of low valuations and acquire significant stakes. Up to 20% of the fund's volume can be invested in Liberia and Sierra Leone.
FEF II is managed out of Accra by Fidelity Capital Partners Limited (FCPL), which was established in 1997 as a venture capital and private equity fund management company and corporate finance advisory services provider.