Investors in Lesotho

Impact Fund Denmark is a private equity and venture capital firm specializing in financing in the form of equity, mezzanine, loans, debt and guarantees. It makes socially conscious investments. It makes directly & indirectly investments. Under directly investing, it invests in early stage & growth capital investments. Under indirectly investments, it invests in venture capital funds. It specializes in establishing new companies, setting up joint ventures between Danish companies and local business partners and in acquiring existing companies. It provides financing to private-sector projects in the developing countries. The firm can only invest in countries whose 2008 GNI capita income is below $0.03 million with an exemption granted to South Africa, Botswana, and Namibia. Also, the host countries of investments must be on the OECD’s DAC list of development aid recipients. It invests where private sector financing is unavailable or insufficient. It invests in sustainable growth and high-impact solutions in developing markets/countries. It does not invest in Forced labor or child labor, Ozone depleting substances, PCB's (Polychlorinated Biphenyls) and other specific, hazardous pharmaceuticals, pesticides/herbicides or chemicals, wildlife or products regulated under the Convention on International Trade in Endangered Species or Wild Fauna and Flora (CITES), Unsustainable fishing methods, Cross-border trade in waste and waste products, unless compliant with the Basel Convention and the underlying regulations, Destruction of High Conservation Value areas, Radioactive materials and unbounded asbestos fibres, Pornography and/or prostitution, Racist and/or anti-democratic media, Alcoholic Beverages (except beer and wine), Tobacco, Weapons and munitions, Gambling, casinos and equivalent enterprises, Standalone fossil fuelled power plants, Drilling, exploration, extraction, refining and sale of crude oil, natural gas and thermal coal, Storage, supporting infrastructure (pipelines etc.), transportation and logistics, and services primarily related to fossil fuels, Any business using captive coal for power and/or heat generation, Electricity generation from peat and activities leading to deforestation, Investments and/or other projects that aim to produce or make use of agricultural or forestry products, Biomaterials and biofuel production, Export-oriented agribusiness mod, Meat and dairy industries. It prefers investing in commercial services and supplies, biofuels, electric power by solar and wind energy and irrigation systems sector. The firm seeks to invest in climate and Agribusiness. It focuses its investments in Green energy & infrastructure with focus on Clean, affordable renewable energy, Waste recycling and management, Energy efficiency, Water access and management; Financial Services with focus on Microfinance, MSME financing, Development banks and Insurance; Sustainable food systems with focus on Climate farming, Storage and distribution, Processing, Forest and land; Healthcare with focus on Hospitals and clinics, Pharmacy chains, Diagnostic services, Pharmaceuticals & medical equipment. The firm prefers to invest in companies based in Africa focusing on North Africa, Sub-Saharan Africa, South America, Central America, Middle East and Algeria, Angola, Benin, Botswana, Jordan, Denmark, Senegal, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo (Brazzaville), Democratic Republic of Congo, Côte d'Ivoire, Djibouti, Egypt, Arab Rep., Eritrea, Ethiopia, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, São Tomé and Principe, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe; Asia focusing on Afghanistan, Bangladesh, Bhutan, Cambodia, China, Fiji, India, Indonesia, Iran, Iraq, Brazil, Malaysia, Turkey, Mexico, Kiribati, Laos, South Korea, North Korea, Kyrgyzstan, Maldives, Federal States of Micronesia, Mongolia, Myanmar, Nepal, Marshall Islands, Pakistan, Papua New Guinea, Philippines, Western Samoa, Solomon Islands, Sri Lanka, Syria, Tajikistan, Thailand, East Timor, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu, Vietnam, West Bank and Gaza, Yemen; Europe focusing on Albania, Russia, Armenia, Azerbaijan, Caucasus, Belarus, Balkans, Bosnia & Herzegovina, Bulgaria, Croatia, Montenegro, Romania, Slovenia, Georgia, Kosovo, Macedonia, Moldova, Serbia, Ukraine; and Latin America with a focus on Belize, Bolivia, Colombia, Cuba, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras Nicaragua, Paraguay, Peru, Saint Lucia, Saint Vincent and The Grenadines, Suriname, Ecuador, and Jamaica and North Asia, United States of America, Latin America and parts of Europe. It seeks to invest between from DKK15 million ($2.32 million) and DKK500 million ($77.52 million). The firm can invest up to DKK350 million ($51.34 million) per company. The firm seeks to co-invest with Danish businesses in projects based in developing countries. It prefers to take minority stake between 10% to 30% and up to 49 per cent in small projects. It prefers to take a board membership. The firm prefers to exit its investments within five to seven years when the loan has been repaid or the shares have been sold. The firm also offers special assistance to small and medium-sized enterprises which employs less than 300 employees, with an annual revenue of up to DKK 300 million ($53.16 million) and has a positive result in two out of three latest financial years. It also provides advisory services to business investments in developing countries. The firm makes two thirds of its investments in partnership and can also provide additional financing. Impact Fund Denmark was founded in 1967 and is based in Copenhagen, Denmark with additional offices across Asia, Europe, South America, and Africa.

Kholo Capital (Pty) Ltd is a private equity and mezzanine firm specializing in growth capital, mid-market, management buy-outs, leveraged buyouts, private equity buy-outs, acquisition funding and BEE financing. It seeks to invest in all sectors including real estate, mining services/products, mining logistics/transportation, mineral processing, agri-processing, affordable housing, healthcare, education, renewable energy, telecoms, food security, ICT, financial technology and infrastructure sector. It does not seeks to invest in primary mining, resources, commodities, primary farming, micro lending, gambling, ammunition, hard liquor and tobacco. The firm mainly invest in Southern African economy including South Africa, Botswana, Namibia, Swaziland, and Lesotho. It seeks to make mezzanine debt funding between R70 million ($3.95 million) and R205 million ($11.56 million) in companies with minimum EBITDA of R25 million ($1.41 million). Kholo Capital (Pty) Ltd was founded in 2020 and is based in South Africa.

Inspired Evolution Investment Management is a private equity and venture capital firm specializing in start up, early stage, mid venture, late venture, later stage, emerging growth, growth capital, bridge financing, PIPES, and buyouts in mature middle market small, medium-sized, and large companies. It does not invest in angel and seed stages and also in sectors such as tobacco, alcohol, gaming, fixed asset (property), defense, and select environmental categories. The firm also invests at an earlier stage in the process (pre-bankable stage) where warranted through access to complimentary seed capital facilities. It seeks to invest in green industries, cleantech investments across new energy and environment markets including clean energy generation; clean energy infrastructure; water purification; waste management; and efficient production technology, renewable energy power generation (primarily wind, solar, small hydro and Geothermal), resource efficiency (in the field of energy efficiency, water and water treatment, waste management and agricultural efficiency), energy efficiency, biofuel, manufacturing, pollution and waste management, green chemistry, transportation, and agribusiness. The firm also seeks to invest in sustainable agriculture, natural health, ecotourism, sustainable settlements, and green real estate. It prefers to invest in Southern African Development Community countries with a focus on Sub-Saharan Africa with primary targets being Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Tanzania, Uganda and Zambia, Southern and South Africa ; across the Southern African Development Community including nations such as Angola, Botswana, Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Namibia, Seychelles, Kingdom of Swaziland, Zimbabwe, and Australia. The firm seeks to make equity investment between $1.4 million and $14 million in companies with enterprise values between $1.34 million and $15 million. It prefers to be a lead investor. The firm seeks to take a board seat in its portfolio companies. It acquires significant minority or majority stakes. The firm also provides advisory services. Inspired Evolution Investment Management was founded in 2007 and is based in Cape Town, South Africa with additional offices in Grand Baie, Mauritius, Abidjan, Ivory Coast, Nairobi, Kenya and London, United Kingdom.