Ghana-based investor Oasis Capital hits first close of $100m fund

AFRICAN STOCKS AND FINANCEJuly 15, 2024 at 2:57 PM UTC

TLDR

Oasis Capital Ghana achieves first close of $100 million Oasis Africa Fund II (OAF II), securing $33.3 million in capital commitments.
Oasis Capital continues its history of impactful investments, with successful ventures like Ebankese Venture Fund (EVF) supporting Ghanaian SMEs.
Previous fund, Oasis Africa Fund I (OAF I), raised $50.5 million, focusing on SME investments in Ghana and Cote d'Ivoire.

Oasis Capital Ghana, a leading growth capital fund manager focused on West Africa, has reached the first close of its $100 million Oasis Africa Fund II (OAF II).

The fund has secured $33.3 million in capital commitments and expects to raise the remainder by the end of June 2025, building on the established impactful track record of Oasis Capital.

The firm's initial venture, the Ebankese Venture Fund (EVF), was a $11 million fund dedicated to supporting SMEs in Ghana. Following that, Oasis Africa Fund I (OAF I) raised $50.5 million and invested in SMEs across Ghana and Cote d'Ivoire.

Key Takeaways

Both EVF and OAF I have been fully invested, deploying capital to 21 businesses across various sectors. OAF II will continue the impact-driven investment strategy established by its predecessor funds. The fund targets SMEs in West Africa, with a particular focus on Ghana and Cote d'Ivoire. These SMEs operate in sectors critical to the development of a strong middle class, such as education, healthcare, finance, housing & hospitality, and food services.

Oasis Capital

Ghana

SMEs

SME Financing

Ebankese Venture Fund

Finance

Private Equity

Growth Capital