Foinco

What is Foinco?

Foinco is a prominent Private Equity Fund based at Heritage Place 6th Floor, 21 Lugard Avenue Ikoyi, Lagos, Nigeria. They operate with years of expertise in the equity space, specializing in expansion activities.

With solid experience in sustainable investing and a portfolio of over 40 investments, Foinco is dedicated to empowering local businesses and communities across Africa. This approach has distinguished them as the first private equity fund worldwide to receive a '2X Certified Best-in-Class' designation for their commitment to impact investing. They manage significant assets under management (AUM), currently valued at $364 million, and have successfully raised three funds over their tenure.

Foinco's investment thesis primarily focuses on businesses requiring investment amounts ranging from $15 million to $30 million. However, through their affiliated entity, Verod-Kepple Africa Ventures, they also extend their investment strategy to the nascent tech sector, supporting startups in FinTech, Logistics, HealthTech, EdTech, and Software with capital ranging from $250,000 to $7.5 million.

The sectors they target are diverse and geared towards the sustainable development of the African economy, including Climate Adaptation, Mitigation & Resilience, Healthcare, Education, Financials, Communication Services, Transportation & Logistics, Light Manufacturing, Agriculture & Food, Consumer Staples, and Wellness & Lifestyle.

Foinco's well-rounded approach to investment makes them a partner of choice for businesses looking to grow and succeed in Africa's dynamic market.