East Africa Fund

InReturn raised and manages the “InReturn East Africa Fund” to invest in small- and medium-sized enterprises in Kenya, Uganda and Tanzania. The Fund offers tailor-made finance products and provides hands-on support to investees, including management advice, expertise and connection to international networks.

The Fund targets growth investments of up to Euro 2 million, with initial investments generally in the range of Euro  200K to Euro 1 million. Financing is provided for three to seven years. The Fund focuses on opportunities in growing sectors such as agricultural/food processing, ICT, media, energy, manufacturing, logistics and finance industries. The Fund targets upfront set social impact targets , amongst 10 sustainable jobs per Euro 100K invested.

Mezzanine (a form of partially unsecured and subordinated debt) and equity are the primary investment structures used.

The Fund was launched in 2009 at Euro 4 million. It has a target fund size of Euro 20 million, and the Fund term is 10 years.