Alternative funding sources for Uganda: Pearl Capital Partners (PCP)

basic information

Target:
Established business

Industry focus:
Agriculture

Amounts provided:
$500,000 to $3,000,000

Type of financing:
private equity

That means instead of making a loan, the fund takes a percentage of the shares.

Important criteria

Strong team with experience in running trading companies;

High growth business plan including 5 year forecasts;

Audited financial statements for the last two years

social influence;

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. His current resources are:

  • African Seed Investment Fund (ASIF). The sole investor is the Alliance for a Green Revolution in Africa, whose goal is to provide certified quality seeds to small farmers.
  • African Agricultural Capital Fund (AACF). Its investors are the Rockefeller Foundation, the Bill and Melinda Gates Foundation, the Gatsby Charitable Foundation and JP Morgan Chase Social Finance.

How is the process?

When I met Edward Isingoma, Partner at PCP, he shared with me the principle behind companies they choose to invest in:

“We need to be able to say in 30 minutes whether we’re going to invest in the business or not”

That means I expect that before you submit a detailed plan, they’ll want to see a summary that includes information like company history and profitability, amount required, and the like to help them determine if it meets their criteria.

Our view/tips for success?

1. High social returns. The investors behind PCP funds, like the Rockefeller Foundation and Bill and Melinda Gates, aren’t just interested in profit. They strive for a great social impact. For example, how will the company “promote the well-being of mankind”?

2. Governance and ethics. This is also being driven by the investors behind the PCP funds. For example, David Sainsbury, the person behind the Gatsby Foundation, was a British Minister for Science and Innovation. Therefore, this investor is expected to look for companies that demonstrate strong business ethics and corporate governance.

3. Personal commitment. Before PCP can invest, they usually expect the entrepreneur to contribute part of the total capital themselves. We anticipate that this will account for between 25% and 50% of the total funding.

Otherwise good luck.

Disclaimer

Inachee is not an agent or affiliated with this entity, it is an independent thought and consulting firm. The information provided is based on our research and experience. Although we have taken steps to ensure the accuracy of the information presented here, there can be no guarantee that it will remain correct.