We have managed, raised and/or advised on single-country and pan-African funds, including:
PACG is currently raising a US$50m private equity fund called the Liberia Economic Impact Fund (LEIF). The purpose of this fund is to assist in rejuvenating the economy in the aftermath of Ebola and improve the health status of the Liberian workforce. The Fund will invest in sectors that will drive growth such as logistics, agribusiness, power generation, healthcare, ICT, services and equipment leasing.
PACG has served as the strategic advisory and sub-manager to Novare as Novare has raised $350 million for its Africa Property Fund II. PACG’s primary responsibility was the marketing of the Fund in North America and Europe. PACG worked as part of its engagement with the Novare team to prepare the team for the North American and European institutional market place.
Databank Africa Food Security Fund
PACG is currently assisting Databank to raise a new $100 million fund, which could play a critical role in improving food quality and price competitiveness in urban communities on the continent. Given the strategic role of agribusiness in the socioeconomic development of African countries, the Fund's investment principle is aligned with preserving the basic human rights of self-sufficiency through food security. The Fund is being formed to build on the success of Databank's previous African Agriculture Fund-SME, which closed in 2014 with US $36 million.
Modern Africa Fund
Prior to founding PACG, Stephen Cashin managed the Modern Africa Fund, which brought together leading financial expertise with an unparalleled understanding of the African markets to participate in this growing market. Initial investors included Citicorp, Société Générale, and Archer Daniels Midland. The Fund’s capitalization is $105 million, comprised of $35 million of equity leveraged by $70 million of debt guaranteed by the Overseas Private Investment Corporation (OPIC).