PAPE FUND 3 USD PARTNERSHIP
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
PAPE Fund III is a generalist, SME focused Private Equity Fund being raised by PAPE Fund Managers, a boutique, empowered Private Equity manager based in Johannesburg, South Africa.
What is our funding objective?
FMO has approved a commitment to the Fund of USD 10m given the Inclusive nature of the Fund which targets SMEs in South Africa that have a significant impact on individuals that form part of the Base of the Pyramid.
Why do we fund this investment?
PAPE Fund III targets SMEs with Inclusive elements in South Africa. FMO is highly additional here, facilitating the First Close and thus assisting in the development of an empowered PE manager in South Africa.
What is the Environmental and Social categorization rationale?
The E&S category is B for PAPE Fund III, in line with the risk profile of the prospective investment. PAPE Fund III's approach to ESG is progressive for a first time DFI GP, as there is strong commitment to ESG and an ESMS is already in place. PAPE Fund III will work further towards fine-tuning the ESMS to bring in fully in line with the IFC Performance Standards and to fully integrate ESG into the operations and management of its investee companies over the life of the Fund.
- Region
- Africa
- Country
- South Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 5/23/2018
- Effective date
- 7/11/2018
- Total FMO financing
- USD 10.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B