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Fidelity Equity Fund II

Fidelity Equity Fund II (FEF II) is a generalist private equity fund focused on Ghana. The fund was launched in 2007, and its investors are Finnfund, FMO, Oikocredit, SOVEC and Venture Capital Trust Fund.

Fidelity Equity Fund II

Fidelity Equity Fund II (FEF II) is a generalist private equity fund focused on Ghana. The fund was launched in 2007, and its investors are Finnfund, FMO, Oikocredit, SOVEC and Venture Capital Trust Fund.

About the fund


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.  

Investments by the fund

             
Date Name Country Industry Status
2009 Company 1 Ghana Healthcare services Active
2008 Company 2 Ghana Home construction Active
2008 Company 3 Ghana Pharmaceuticals and biotech Active
2013 Company 4 Ghana Wholesale and retail sale Active
2009 Company 5 Ghana Food products and beverages Active
Reference code
2007-03
Status
Active
Date of commmitment
August 2007
Date of exit
-
SIFEM commitment
USD
3,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Fidelity Capital Partners Limited