Fidelity Capital Partners (West Africa)

In December 2010, Jacana agreed its partnership with Fidelity Capital Partners Limited, a Ghana-based fund with a total of $32 million under management. Jacana's investment will enable it to expand the senior team ahead of the planned launch of its third fund in 2012. Fidelity Capital was founded in 1999 and is one of West Africa's leading SME private equity firms. It currently manages two SME funds (Fidelity Equity Funds I and II) with a vibrant and diverse range of portfolio companies, including agribusiness, microfinance, healthcare, education, IT services, real estate and FMCG.

Investors include SSNIT, the Venture Capital Trust Fund, Oikocredit, Sovec and leading Development Finance Institutions FMO (the Netherlands) SIFEM (Switzerland) and Finnfund (Finland). In keeping with its business model Jacana will also be providing hands-on management support to both the investment team and their portfolio companies, with Jacana's CEO, Simon Merchant, joining on secondment for 2011.

www.fidelitycapitalpartners.com

Other Fidelity news

Full press release
Jacana Lures Mission-Driven Private Equity Investors to Ghana