Nile Capital Management (NCM) is committed to building an investment platform that will provide investment products for institutions and individual investors. The investment products will include but are not limited to mutual funds, private funds, managed accounts and for-profit socially responsible funds.
NCM launched the Nile Pan Africa Fund which is structured as a mutual fund that invests in for-profit African businesses this fund has so far raised $35 million in assets. NCM has the investment management skills, expertise, knowledge and track record of successful investing in Africa.
NCM is the investment adviser to the fund and will contribute fund managers to all future funds. NCM through its on ground contacts, as well as building on ground presence on the African continent, will provide a network for sourcing and monitoring investments.
NCM has launched the Nile Pan Africa Fund with $35 million in assets under management. The minimum investment commitment is $1,000 for the A share class (Individual) and $250,000 for the I share class (Institutional).
Q3 2013 to Q2 2014 - NCM seeks to develop and work with organizations to distribute the funds.
NCM continues to engage prospective investors for investments and seeks to partner with organization to distribute or make its funds available at the large institutional platforms.
Africa economic growth represents about 4% of global growth and it's estimated to rise to 12% by 2050, according to Citigroup, however the continent still lags in attracting investment capital targeting for profit businesses. On the supply side, there are not many investable funds (or local fund managers) and the demand side investors lack information on investment opportunities in Africa. Nile Capital Management's vision is to create an Africa-focused fund management company and platform to promote Africa investment products.
NCM is seeking investors, partners to distribute Nile Funds, and partners to develop a local Africa fund management company. NCM is seeking support from donors, impact investors, and advisors to support developing Africa fund industry.
NCM is offering an opportunity to partner to implement an Africa focus fund management business, best practice information, implementing partner to distribute funds and media/marketing opportunities.