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Our Investment Portfolio

Echo VC Fund

  • Region: Sub-Saharan Africa
  • Industry Focus: Technology
  • Investment Year: 2014

In December 2014, FBN Funds made an LP Commitment in Echo VC, a venture capital fund with a focus on making seed to early stage investments in technology companies operating in various sectors including Consumer Internet and Services, E/M-Commerce, Software, Digital Media in Sub-Saharan Africa.

The fund has made investments in technology companies such as Printivo, Hotels.Ng, S&T Media, and Frontier Car Group (FCG).

Exited Investments

  • Seven Energy International Limited
  • Region: Sub-Saharan Africa
  • Industry: Oil & Gas
  • Investment Year: 2012
  • Exit Year: 2014

Seven Energy International Limited, founded in 2004 is a Nigeria oil & gas exploration, development and production company positioned to be the leading supplier of gas to the domestic market for power generation and industrial usage.

Upcoming Investments

  • Credit Opportunities Fund – FBN Funds has concluded plans to back a team of experienced investment professionals seeking to raise a sub-Saharan Africa focused credit opportunities fund. The target fund size is $300m, with a fund period of 7-10 years. The first close is yet to be announced.
  • Generalist Fund – FBN Funds has concluded plans to back a team of experienced investment professionals seeking to raise a sub-Saharan Africa focused generalist fund. The industry focus include; Agri-business, Consumer and Infra-services. The target fund size is US$300m, with a fund period of 10 years. The first close is yet to be announced.
  • VC-Tech Fund – FBN Funds is finalizing plans to back a team of experienced investment professionals seeking to raise a sub-Saharan Africa focused technology fund. The fund will focus on making early to expansion stage investments in technology companies operating in various sectors in sub-Saharan Africa. The target fund size is US$100m, with a fund period of 10 years. The first close is yet to be announced.
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