Managed funds - Financial sector

Yeelen Financial Fund: investing in the financial institutions of French-speaking Africa

Launched at the initiative of the West African Development Bank (BOAD), Yeelen Financial Fund (YFF) supports the growth of financial players, particularly those of the West African Economic and Monetary Union.

~33bn FCFA

Fund size (€50.57M)

July 2017

Launch vintage

WAEMU zone

Divestment phase

A fund dedicated to the West African financial sector

Yeelen Financial Fund was launched at the initiative of the BOAD to support the growth and development of WAEMU financial institutions: banks, insurance companies, microfinance institutions, financial technology companies (fintech) and other players in the sector.

• Banks

• Insurance

• Microfinance

• Fintech

• Financial institutions

Fund profile

Name

Yeelen Financial Fund

Initiative

West African Development Bank (BOAD)

Capital

€50.57M - ~33bn FCFA

Vintage

July 2017

Status

Divestment phase

Zone

WAEMU

Manager

Cauris Management

Targets

Regional financial institutions

A proven investment strategy

Cauris Management has provided Yeelen with a benchmark consortium and a dedicated team led by Benjamin Kouakou, who has over 28 years of experience in the African financial sector.

Cauris Management also provides Yeelen Financial Fund with support in ESG, reporting and back-office services.

The main investors

  • AFG - (Atlantic Financial Group - Ivory Coast)
  • AfDB - (African Development Bank)
  • BOAD - (West African Development Bank)
  • CFOA - (West African Financial Company - Senegal)
  • CNPS Ivory Coast - (National Social Insurance Fund of Ivory Coast)
  • CNSS Togo - (National Social Security Fund of Togo)
  • NSIA VIE ASSURANCES - Ivory Coast
  • NSIA VIE ASSURANCES - Togo
  • SGI TOGO - (Management and Brokerage Company of Togo)
  • SONAVIE - (New Life Insurance Company - Mali)
  • SUNU Assurances Vie - (Benin, Burkina Faso, Ivory Coast, Senegal, Togo)
  • ZEENA - (Senegal)

A growing financial institution?

Discover all the investors of the funds managed by Cauris Management.