Underwriting Criteria
- Target size of investments: €1 million – €3 million*
- Have a well-defined and measurable positive economic and social impact
- Opportunities with reputable co-investment partners
- Entrepreneurs and management must have their “skin in the game”
- Equity investments with auxiliary debt instruments utilized to manage investment risk and provide an avenue for partial exists
- Targets can benefit from Brightmore expertise and consultative approach to value creation
- One a limited basis, investments in new ventures with initial capital expenditures ranging from $500k to $2 million
* Under specific circumstances, deals executed may be above or below the target range, not exceeding 10% of the fund size
Geographic Focus
Brightmore’s predominant focus is on making investments in francophone West Africa, with the two primary countries of Cote d’Ivoire and Senegal (70%). The remaining 30% of the fund is allocated to investments in other countries in the region on an opportunistic basis: Guinea, Mali, Burkina Faso, Niger, Ghana, Benin and Togo.