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West African Venture Fund LLC
The West Africa Venture Fund (WAVF) is a Mauritius registered Fund, with operations in Liberia and Sierra Leone, with provision of US$40 million capital financing to emerging growth SMEs in both countries. WAVF at a Glance West African Venture Fund LLC (WAVF), has a target deal size of US$100,000 - US$500,000 with a goal of a minimum of 40 “Bottom of the pyramid” SME Equity investments in each of Liberia and Sierra Leone and a target returns of 25 – 30%. The investment model is based on optimum combination of risk capital and massive dose of technical assistance services and hands-on management of investee companies, to achieve long term value creation. The Fund already has US$12.5 million committed seed capital by the anchor investor, the IFC. WAVF is managed by Unique Venture Capital (UVC). Manager of SMEEIS Funds of three major Nigerian banks, UVC has invested over US$32 million in the last four years in 53 projects with 8, exits and an annualized average return of over 34%. |
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Why the WAVF LLC? Post war emerging economies, under good democratic leadership and appropriate international support offer specific and significant investment opportunities not available in others as businesses in Japan, South Korea, West Germany have proven. These same conditions exist today in Liberia and Sierra Leone. In developing countries like Liberia and Sierra Leone, small businesses generate the largest share of economic activities and employment. Well structured small businesses in these economies usually have first mover advantages and monopolies or near monopolies that usually offer good investment opportunities. Returns in the emerging markets of Africa are higher than in most other markets. The fund manager’s key strategy of providing a combination of risk capital and a large dose of technical advisory support and assistance, will enhance catalyzing the growth of small business in these emerging markets and opportunities to reap from the value created thereof. The Fund offers a unique opportunity for investors to invest and earn good returns, whilst helping to kick-start and/or catalyze the growth of small businesses in the emerging and dynamic post war economies of Liberia and Sierra Leone. Unique opportunity to invest in the early stages of a significant market shift from an informal to a formal economy. |
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Investment Strategy Leverage the combination of the proven capability of the investment manager (UVC) and the massive base and network of the international institutional anchor investor (IFC). Leverage the combination of risk capital, strong advisory services and hands-on management to create significant shareholder’s value. Proactively target investments that offer: 
Significant growth potentials
captive
markets with sustained growth in per capital consumption
High export potential;
High cash flow generating business
Strong management team.
Critical
and pivoting in important sectors/niches of the economy that
offer good returns to both society and investors
Operate a disciplined investment process anchored by effective deal screening, vigorous investment analysis, tedious and thorough due diligence, a virtual “hands and legs-on” management process and a very proactive exit strategy. Diversify risk profile of the investment portfolio by investing in different company growth stages, operating sectors and regions in the target economies. Investment Focus Social and environmentally sound SMEs in all viable economic sectors. All growth stages, including start ups to expansions. Investment size of US$100,000 - US$500,000. Typical investment profile
Clear cut line of business with proven business model
Sizeable positive net cash flow
Clear key drivers that drive a clear commercial advantage
Effective management with captive market that needs capital
and/or technical assistance to grow
Target Sectors: Agribusiness, Manufacturing/industrials, retail/consumer, leisure and tourism, real estate and construction, mining, media and telecommunication and financial services. Target Countries: Liberia and Sierra Leone How to Access Fund To access the WAVF, your business must be located in either Liberia or Sierra Leone Your requirement shall not exceed US$500,000 There must be a clear cut line of business with proven business model and clear key drivers that drive a clear commercial advantage. |
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| Contact Us | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Eva Bakonyi Fund raising/Advisory Services. IFC, International Finance Corporation World Bank Group 2121 Pennsylvania Avenue, NW Washington, DC 204333 USA Telephone: (27) 11 731 3000 Mobile: (22) 83 441 2422 ebakonyi@ifc.org
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Sergio Pombo Private Equity & Investment Funds, IFC, International Finance Corporation World Bank Group 2121 Pennsylvania Avenue, NW Washington, DC 204333 USA Telephone +202-473-0222 Mobile +202-471-0428 Facsimile 202-522-0597 spombo@ifc.org |
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Godwin Iyere Isuekebhor Unique Venture Capital Management Company Ltd 40 Marina, Lagos, Nigeria Mobile: +234 7027177664, 7039856995 godwinisuekebhor@wavfonline.com |
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