Investisseurs & Partenaires raises €50.3m

The impact investing group continues to target small and mid-sized businesses in Sub-Saharan Africa.

I&P Afrique Entrepreneurs II (IPAE2) has held a first close at €50.3 million. The fund has a target size of €80 million and will invest in diversified sectors located in Sub-Saharan Africa and the Indian Ocean. Investisseurs & Partenaires plans to make 40 to 50 investments from the vehicle over the next five years.

The fund will build on the investments made through IPAE, which launched in 2012 with €54 million.