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Venture Capital Fund Management

SIC-FSLSIC-FSL has recently been appointed as fund manager by the board of Bedrock Venture Capital Finance Company, a limited liability company established under the laws of the Republic of Ghana.

Bedrock Venture Capital Finance Company is a partnership between National Investment Bank (NIB), SIC Insurance Company Limited (SIC) and the Venture Capital Trust Fund.

SIC-FSL presently manages a total venture capital fund size of Ten Million Dollars (US$ 10 million).

Our Investment Objective
The venture capital trust stipulates that managed funds are invested in small and medium enterprise (SME’s).

As a result, SIC-FSL seeks to invest managed funds in start-up or early-stage business enterprises.

Hence the ultimate goal of SIC-FSL as a fund manager is to invest in companies that will dramatically increase in value and allow shareholders to cash in on future capital gains.

To achieve this we also assist our clients with both technical expertise and advisory services.

We therefore expect our prospective clients to have the following attributes;

  1. Willingness to invest their own money in the venture.
  2. Should have a great business plan that reflects sound and realistic thinking
  3. An established or promising product and market.
  4. Some operating history that shows promising future.
  5. Projects with strong and sustainable cash flows and future exit opportunities.

Our investments are in the form of equities (where we seek to acquire a significant minority stake) and/or quasi-equity instruments such as mezzanine financing. We invest a maximum of 49 per cent of our managed funds into a single investee company in form of equity and/ or debt.
As fund managers we expect a minimum of 20 per cent Internal Rate of Return (IRR) on our investments for our shareholders.

 

OUR EXIT STRATEGY
Our principal exit strategy includes taking the investee company to the capital market through an Initial Public Offering (IPO). Other exit strategies we consider are acquisitions by large firms and buyback.

POTENTIAL INVESTEE COMPANIES
We currently have two investee companies who have successfully passed both the financial and legal due diligences.

These are Santinos Meat processing company based in Kumasi and Mede Wo Aseda Ka poultry farm in Sunyani both within the Agricultural sector.

Bedrock Venture Capital Finance Company

 

 

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