Funds

We have managed, raised and/or advised on single-country and pan-African funds, including: 

SANKOFA VENTURE PARTNERS

Together with local family offices on the continent PACG has established Sankofa Venture Partners, a fund supporting early-stage, tech-enabled African businesses, vetted by our uniquely placed investment committee and our portfolio companies with deep knowledge of the gaps, opportunities, and intricacies of their markets and sectors.

Novare Africa Property Fund II

PACG has served as the strategic advisory and sub-manager to Novare as Novare has raised $350 million for its Africa Property Fund II.  PACG’s primary responsibility was the marketing of the Fund in North America and Europe.  PACG worked as part of its engagement with the Novare team to prepare the team for the North American and European institutional marketplace. 

Modern Africa Fund

Prior to founding PACG, Stephen Cashin managed the Modern Africa Fund, which brought together leading financial expertise with an unparalleled understanding of the African markets to participate in this growing market. Initial investors included Citicorp, Société Générale, and Archer Daniels Midland. The Fund’s capitalization is $105 million, comprised of $35 million of equity leveraged by $70 million of debt guaranteed by the Overseas Private Investment Corporation (OPIC).