SME VENTURES - EXIT ADVISOR FOR THREE FUND MANAGERS – WEST AFRICA


  • SOLICITATION NUMBER: 0002008261
  • INSTITUTION:  IFC
  • ISSUE DATE AND TIME: Apr 09,2024 14:18
  • CLOSING DATE AND TIME: Apr 29,2024 23:59

The SME Ventures Program (SMEV) is a part of the International Finance Corporation's (“IFC”) private equity funds department (CDFPE). It focuses on investing in private equity funds that specifically target small and medium-sized enterprises (“SMEs”) in Low Income IDA; Fragile and Conflict Affected States (IDA-FCS) as well as other frontier markets. Currently; SMEV has invested in a diverse portfolio of twenty six (26) funds operating in over thirty (30) countries worldwide. In addition to financial investments; the program also provides Technical Assistance (TA) to the fund managers.As part of its support to fund managers; SMEV offers a comprehensive capacity building program. This program is designed to outline and reinforce the fundamental skills and knowledge that GPs should develop right from the inception of their funds and apply throughout the investment period. By equipping fund managers with these core foundational skills; SMEV aims to enhance their ability to effectively manage and grow their portfolios of SME investments. SMEV has identified the need to support its fund managers in developing a systematic approach to exiting their investments and creating exit strategies that align with their value creation efforts. In the West Africa region; SMEV is seeking to develop framework agreements with exit advisors to support at least three (3) of its regional fund managers in the exit process of two (2) portfolio companies per fund.The objective of this project is to leverage the Exit Advisor’s expertise and experience to guide Fund Managers through the process of exiting an investment. This Terms of Reference (“TOR”) aims to identify and select a group of exit advisors who can provide support to fund managers in achieving successful exits. From the pool of selected exit advisors; each fund manager will have the opportunity to choose their preferred service provider based on their specific needs and preferences. The objective is to ensure that fund managers have access to the expertise and guidance necessary to navigate the exit process effectively and maximize value.

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