Shorecap II

Rest of the World Financial services

Equator Capital Partners LLC is a Chicago-based investment management firm that offers portfolio management, consulting, and financial planning services.  The firm’s ShoreCap family of funds invest in inclusive financial services in Asia and Africa.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

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.

:
Rest of the World
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
Azerbaijan, Cote d'Ivoire, India, Kenya, Mauritius, Nigeria, Pakistan, Sri Lanka, Zambia, Zimbabwe
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
Website:
http://www.equatorcap.net/
Investment type

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

:
Intermediated investment
Fund manager:
Equator Capital 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

:
December 2009
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.

:
$10m
Domicile

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

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Madison Finance Company Limited (MFinance)

Madison Finance is a leading financial services provider of consumer loans, micro loans and structured loan facilities to individuals and to SMEs in Zambia.

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Zambia Africa, East Africa Financial services October 2011 Active
UB Finance

UB Finance is a non-bank financial institution providing financial services in Sri Lanka, and is backed by Union Bank. Its offerings include savings accounts, fixed deposits, pawning and real estate solutions.

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Sri Lanka South Asia Financial services October 2011 Active
Kushhali Bank Limited

Kushhali Bank is Pakistan s first and largest microfinance institution. Its operations and impact span across all the four provinces of the country, Jammu and Kashmir and the Federally Administered Tribal Areas.

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Pakistan South Asia Financial services April 2012 Active
FBC Holdings Limited

FBC Holdings Limited is a diversified financial services group with interest in commercial banking, stock broking, mortgage and reinsurance services based in Harare, Zimbabwe and listed on the Zimbabwe Stock Exchange.

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Zimbabwe Africa, East Africa Financial services June 2013 Active
Jamii Bora Bank Ltd

Jamii Bora Bank (JBB) is a rapidly growing commercial bank in Kenya licensed by the Central Bank of Kenya, the national banking regulator.

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Kenya Africa, East Africa Financial services August 2013 Active
Turan Bank

TuranBank has 12 branches in Azerbaijan (of which 6 are located in regions) and operates 21 ATMs and 19 currency exchange offices.

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Azerbaijan Rest of the World Financial services December 2013 Active
SBM Holdings

SBM Holdings Ltd is the second largest company listed on the Stock Exchange of Mauritius and serves individual customers as well as small and middle market businesses with a full range of banking and financial services.

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Mauritius Africa, East Africa Financial services October 2014 Active
Fortis Microfinance Bank

An Abuja State microfinance bank registered with the Central Bank of Nigeria and listed on the Nigerian Stock exchange

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Nigeria Africa, West Africa Financial services February 2016 Active
CRIDS

Chaitanya Rural Intermediation Development Services Pvt. Ltd. was founded in 2009 to provide access to financial services to the rural poor in India.

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India South Asia Financial services July 2016 Active
Atlantique Banque International

Atlantique Finance Group (AFG) is the holding company of the Group Banque Atlantique; a network of banks, financial institutions and services. It provides financing to individuals and corporations, and has branches in 8 countries, including Mali.

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Cote d'Ivoire Africa, West Africa Financial services December 2017 Active