AFRICA – Mbuyu Capital Partners, through its founder Michiel Timmerman, has announced that it is developing a new fund, the Africa Sustainable Trade Finance Fund, to be established with US$50m of seed capital and seeking to hire trade finance principle.
“’To date, our focus has been on private equity, but we are now developing our trade finance activities through a new fund. The Fund will invest primarily through co-lending and risk participations with existing trade finance and supply chain lending partners, either fund managers or principal capital providers,” said Michiel.
The Fund will have a strong focus on sustainability and impact, through negative screening – avoiding commodities such as tobacco and fossil fuels – and seeking beneficial outcomes through creating jobs, enhancing incomes and improving access to food and promoting sustainable, local food production.
“We are now looking for a trade finance professional to join us, with experience of structuring, monitoring and documenting trade finance transactions, particularly with exposure to Africa or other emerging markets,” he added.
Mbuyu Capital opens up private markets in Africa to institutional investors by creating customised portfolios and funds to deliver financial returns for each investor across private equity, real estate and credit, diversification from existing investments and economic, social and/or environmental impact.
It uses a research-driven, operationally-focused, disciplined approach, integrating primary, secondary and co-investments. It has a demonstrated commitment to impact investing.
Mbuyu’s founding partner is co-founder and chairman of EFTA, a Tanzanian SME leasing business, founded 10 years ago, and one of Africa’s earliest impact enterprises.
The Mbuyu partners have over 50 years of institutional asset management experience, having been responsible for over a combined US$7.5 billion of assets.