Averroès Africa is a fund of funds that will target multisectoral private equity funds with a multi-country, regional or pan-African dimension and managed by experienced teams. Averroès Africa will have an increased focus on venture capital funds and will be able to invest in sectoral funds focused on financial services, health and agribusiness, in line with the evolution on the African private equity market. With a target portfolio of 10 to 12 funds, Averroès Africa will eventually provide exposure to over a hundred African companies, from start-ups to midcaps, in all the main sectors related to the emergence of the middle class in Africa, such as consumer goods, transport and logistics, industry, education and TMTs. Beyond financial performance, the Averroès Africa team will actively focus on maximizing the environmental, social and governance impacts of its investments, in line with the commitments made by Bpifrance and PROPARCO with regards to responsible investing. As with the predecessor vehicles, the team will also seek to generate deal flows between African portfolio companies and French companies supported by Bpifrance that want to seize the opportunities offered by the African market.