I&P publishes the annual ESG & Impact report of the IPDEV 2 fund

Each year, Investisseurs & Partenaires evaluates and reports on the environmental, social and governance impact of its various funds. Highlighting the significant contributions of these funds to the African private sector.

I&P Development (IPDEV) is the first sponsor fund dedicated to jumpstarting, developing and supporting pioneer African Funds Managers. IPDEV is intrinsically suited to blended finance structuring, mainly relying on equity from private and institutional investors, but also on loans and grants from donors, each type of capital playing a key role to catalyze the impact of the other. In its first phase, IPDEV raised €21m in equity, €3m in first loss loan, and €3m in grants. 

Since 2015, IPDEV has launched 7 Partner Funds in 7 fragile countries (Niger, Burkina Faso, Mali, Senegal, Côte d’Ivoire, Uganda, Madagascar) and 2 are in the process of launching (Cameroon and Guinea). They, in turn, have invested and supported nearly 60 Small & Medium-Sized Enterprises (SMEs) with an average ticket of €250k, with very promising financial and impact results. IPDEV is now fully committed.

IPDEV is now preparing its next phase in order to double its assets under management. IPDEV aims at raising €25m in equity and €10m in grants and will thus grow its network of African Fund Managers to 15 teams in 15 countries at least, to serve more early-stage businesses.

 Download the annual ESG & Impact report of the IPDEV 2 fund

 More about IPDEV 

IPDEV Fund evaluation

After 7 years of operation, IPDEV2 is nearing the end of its initial investment period and is preparing for the next stage of fundraising and deployment. To that end, Palladium was engaged to analyse IPDEV2’s outcomes and results to date, understand the driving forces underlying the programme’s current state, assess its achievements and impact generated, explore areas for improvement, and inform the adjustments that will be needed moving ahead.

The goals of this evaluation are to showcase the feasibility and viability of African fund managers, demonstrating that they can be financially viable and be powerful drivers of sustainable impact in Africa through their capacity to assist SMEs and positively influence socio-economic development.

 Download the IPDEV fund evaluation

About Palladium 

Climate change. Conflict. Inequality. Palladium works with governments, businesses, investors, and communities to solve the world’s most pressing challenges. Our clients trust us to design and implement complex, large-scale programs in any environment, creating lasting impact where it’s needed most.  (thepalladiumgroup.com)