Nicholas Aoama Oyiek, who owns a garage employing 20 people in Nairobi, is just one of the small business owners who have benefited from the support of Helios Investment Partners LLC, a private equity firm that is managed by Africans and invests exclusively in businesses in Sub-Saharan Africa. His success also helps illustrate the impact of OPIC’s support for emerging market private equity firms.
OPIC selected Helios as co-manager of its $110 million Modern Africa Growth Fund and later provided $50 million of financing for the Helios Investors II Africa Fund. That fund, in turn, invested in various African businesses including Equity Bank, Kenya’s largest bank, which focused on serving individuals and small businesses who has previously lacked access to finance. Oyiek built his business with the help of loans from Equity Bank.
In March, OPIC Awarded Helios an OPIC Impact Award in the Private Equity category.