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basic information
Target:
established business
Sector Focus:
Agriculture
Amounts Awarded:
$500,000 – $3,000,000
Funding Type:
private equity
That is, instead of giving loan, the fund takes % shares.
key criteria
Strong team with experience in managing professional enterprise;
High growth business plan including 5 year forecast;
Audited Financial Statements for the last two years
Social Impact;
Ability to meet high standards of corporate governance and financial reporting.
further information
Search for “Pearl Capital Uganda”
+256 312 264 983/4
Who is behind PCP?
Pearl Capital Partners (PCP) Group is an independent investment manager. Its current funds are:
- African Seed Investment Fund (ASIF). The sole investor is the Alliance for Green Revolution in Africa which aims to provide quality certified seeds to smallholder farmers.
- African Agricultural Capital Fund (AACF). Its investors are the Rockefeller Foundation, the Bill & Melinda Gates Foundation, the Gatsby Charitable Foundation, and JP Morgan Chase Social Finance.
How is the process?
When I met with Edward Isingoma, partner at PCP, he told me his philosophy about the companies he’d like to invest in:
“We should be able to tell in 30 minutes whether we will invest in the business or not”
This means that I expect that before you present a detailed plan, they will want to see an executive summary that provides information such as the history and profitability of the company, the amount needed, and the like to help determine whether it conforms to their norms or not.
Our Thoughts/Tips for Success?
1. High social returns. The investors behind PCP funds like the Rockefeller Foundation and Bill & Melinda Gates aren’t just concerned about profit. They want to have a bigger social impact. For example, how will the company “promote the well-being of humanity?”
2. Governance and ethics. It is also operated by the investors behind the PCP Fund. For example, David Sainsbury was the UK’s Minister for Science and Innovation behind the Gatsby Foundation. It is therefore expected that this investor would look for businesses that show strong business ethics and corporate governance.
3. Personal commitment. Before the PCP invests, they usually expect the entrepreneur to contribute a portion of the total capital himself. We expect this to be anywhere from 25-50% of the total funding.
Otherwise, best wishes.
disclaimer
Inachee is not an agent or affiliated with this entity, it is an independent thought leadership and advisory firm. The information provided is based on our research and experience. While we have taken steps to ensure the accuracy of the information presented here, there can be no guarantee that it will remain accurate.
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