Fees and Compensation — Form ADV Part 2A (5/1/2023)
[Brochure]
Item 5 – Fees and Compensation
Target Fund Size US$50 million
GP Commitment 2%
Investment Period 5 years from the first close date
Term 10 years plus two one-year extensions
Preferred Return 7%
2.5% of committed capital during the investment period; 2.5% of invested capital thereafter – Paid
Management Fee
quarterly in advance
Organizational Expenses Borne by Fund
Operating Expenses Borne by Fund
Carried Interest Claw Back Yes
Co-investment Rights Yes
| Empowering the Next Generation of African Tech Entrepreneurs STRICTLY PRIVATE & CONFIDENTIAL 8
Offered $75,000,000 · Filed 2022-02-28 (D) · Exemption 506(c), 3(c), 3(c)(1) · Remaining $75,000,000 · Duration One year or less · Revenue Decline to Disclose
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
3
51.2
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above