Yeelen Financial Sector Fund raises US$37.92m as it seeks to meet its target

AFRICA – Cauris management’s Yeelen Financial Sector Fund has so far raised US$37.92 million of its US$70.4 million target.  The Yeelen Financial Sector Fund is a private equity fund that will invest equity and quasi-equity in 10 to 12 small size financial institutions in the West African Economic and Monetary Union (WAEMU).  The fund will invest in high growth tier 2 and tier 3 financial institutions insurance companies that develop micro and meso insurance products and fintech in the WAEMU zone.  The African Development Bank recently revealed it is proposing…

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