Helios Investors IV

Africa Financial services

Helios has one of the strongest track records in African private equity across its three predecessor funds, having invested over $3 billion and created over 9,000 new jobs in diverse sectors ranging from financial services to education and telecommunications.

Our investment

Our investment in this latest fund will be instrumental in accelerating job creation, facilitating sustainable employment, and supporting the recovery from the COVID-19 pandemic by boosting economic growth across the continent. The investment is also aimed at supporting efforts to mobilise capital to African businesses and continued investment in companies across the continent.

Impact

Sustain and create economic opportunities (SDG 8.5).

Primary Secondary

CDC’s investment will support the manager to weathering the COVID-19 crisis, so it can remain a key source of capital and expertise for growing African business, sustaining an important channel for equity investment across some of the continent’s largest economies post-crisis. If the fund succeeds at generating returns that are attractive to commercial investors, it can position the manager to mobilise additional capital in the medium to long-term.

The investment will support the fund in generating business growth, productivity and job creation.

Stakeholder Geography Characteristics
Employees

Pan-Africa with a likely focus on a cohort of core countries including Nigeria, Kenya, Morocco and Egypt and regional focus (Francophone West and East Africa).

Variable subject to sector and business model.

Grid Score Contribution

2.3-2.9

To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs.

  • Financial: The commercial market does not offer capital in sufficient quantities to meet companies' plans / needs.
  • Value-add: CDC is supporting the manager to strengthen environmental, social and governance processes and systems across investee companies.
  • Mobilisation: CDC commitment is a positive signal to other investors
Risk
  • External: Investors remain averse to investing in the African private equity market due to perceived market risk or macro-economic dynamics.
  • Execution: The impact case relies on the manager's ability to deliver growth across investees.
  • Alignment: The impact case also requires that the growth to investees’ businesses leads to job creation.

Environmental and social aspects

We are working closely with the fund manager to improve its existing environmental and social management system (ESMS), including delivering an action plan.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Helios Investment Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
June 2020
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$100m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Thunes

Thunes is a platform that enables the fast transfer of funds between different payment systems and different countries.

View investment details

Africa, Rest of the World Financial services July 2020 Active
Africa Speciality Risks

ASR is an insurance company tha provides risk mitigation solutions to local and global customers across the African continent.

View investment details

Africa Financial services September 2020 Active