Summit Tender

Project Number
51181
Company Name
Summit Private Equity Fund II
Date SPI Disclosed
Apr 29, 2025
Country
South Africa
Region
Africa
Projected Board Date
May 29, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Disruptive Tech, Service & Funds
Industry
Funds
Sector
Growth Equity Fund
Project Description
The proposed project is for IFC to commit up to US$20 million in Summit Private Equity Fund II (the Fund), not to exceed 20% of total commitments and a co-investment envelope of US$5 million. The Fund is a South African generalist growth equity fund targeting to invest in small to mid-market (SME) segments with emphasis on non-discretionary services in sectors with proven and persistent structural undersupply.