Advanced Finance & Investment Group (“AFIG Funds”) is a leading private equity fund management company founded in 2006 and making growth equity investments across diverse sectors in West, Central and East Africa. The Company has an investment philosophy anchored on funding and supporting local entrepreneurs as well as developing African companies into regional and global leaders. AFIG Funds is incorporated in Mauritius, with its main office in Dakar. AFIG Funds’ regional presence places it at the heart of its markets.
Today, AFIG Funds manages over USD 267m of assets across two private equity funds. Our track record places us among the top performing African private equity fund managers. Through its world class investment team, AFIG Funds has invested in 16 companies operating across 13 countries.
The AFIG Funds team is comprised of experienced professionals based in Africa who collectively have over 100 years of collective African experience, come from 10 countries and speak 10 languages. The diversity allows AFIG Funds to benefit from local cultural integration, deep local networks, and an understanding of factors that influence local investment outcomes. Our team members have extensive finance, accounting, legal and operating experience, enabling the team to actively support senior portfolio company management with strategy execution and the realization of expansion plans. We are comfortable operating in both Anglophone and Francophone Africa.
AFIG Funds’ LPs include some of the most active investors in African Private Equity: AfDB, Africa Re, BII (ex CDC), DEG, EIB, Finnfund, IFC, Old Mutual, Pinebridge Investments, Swedfund, etc.