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Aureos East Africa Fund

The Aureos East Africa Fund (AEAF) is a generalist private equity fund established in 2003. Its main investors are CDC, EIB, FMO, IFC, Norfund and PTA Bank.

Aureos East Africa Fund

The Aureos East Africa Fund (AEAF) is a generalist private equity fund established in 2003. Its main investors are CDC, EIB, FMO, IFC, Norfund and PTA Bank.

About the fund


AEAF primarily invests in private sector enterprises based in Kenya, Tanzania and Uganda. AEAF concentrates on providing risk capital for expansion of profitable businesses and change of control transactions including management buy-outs, management buy-ins, consolidations and reorganizations. AEAF investments range in USD 0.5 –  4.0 million, and are expected to be held for a period of five years before exit.

AEAF is managed by Aureos Kenya Managers Ltd., an affiliate of Aureos Capital Limited (Aureos). Aureos was established in 2001 as a joint venture between CDC and Norfund. Today, Aureos has grown to over 100 professionals and raised numerous regional SME funds covering Latin America, Asia and sub-Saharan Africa. 

Reference code
2003-01
Status
Active
Date of commmitment
August 2003
Date of exit
-
SIFEM commitment
USD
7,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Aureos Kenya Managers