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IFC set to invest $26M in Partech’s Africa Fund II


The International Finance Corporation (IFC), the private sector arm of Work Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in the disclosures that it’s eyeing a stake not exceeding 20%.
The agency said it will commit a further €15 million ($15.9 million) for future co-investment opportunities together with the Fund. The PAF II will invest in “seed to Series D rounds, and follow-on rounds in top portfolio companies,” according to records by the IFC. The investment is awaiting approval.
“IFC’s proposed investment in Partech Africa Fund is an equity investment of up to €25 million, not to e …

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