I&P Afrique Entrepreneurs II is an impact fund managed by Investisseurs & Partenaires-I&P launched in 2017. IPAE 2 aims to support small and medium-sized companies based in Sub-Saharan Africa and in the Indian Ocean, through minority equity positions, a strong managerial support and capacity building. The impact thesis of the fund consists of promoting a new generation of African entrepreneurs seeking both financial and social performance. The fund proceeded to a first closing in December 2017 at EUR 50.3m, and aims at reaching its target size of EUR 80m by in May 2019 in order to invest in 30 companies with a generalist approach.