Page 89 - UUBO PE Summit 2020 - Materials

IFC takes a holistic approach—from ecosystem building to
investing directly in ventures, VC and PE funds—with the
goal of eventually scaling business models with significant
impact. We believe that PE funds are in a unique position
to support small and medium size businesses to drive
innovation, improve productivity, create sustainable jobs
and ultimately drive economic growth. The industry needs
a combination of instruments such as commercial and
concessional capital, and technical advisory services to
achieve this objective. Given the challenging fund-raising
environment for private equity in Africa, development
finance institutions like IFC, can help ensure that strong
local private equity players can maintain fundraising
traction and raise sufficiently sized funds. This conference
can highlight opportunities for PE funds in Nigeria to do
even more to support companies that can disrupt, innovate
and create sustainable development impact.

14