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Membership

EAVCA’s membership comprises of fund managers and advisors across Africa, recognized for their delivery of economic value to the investee companies and shareholders.

Member Spotlight

Adenia

XSML Capital is an impact-focused investment firm founded in 2008 (with active investing since 2010) that specializes in providing growth capital to small and medium-sized enterprises (SMEs) in Africa's frontier and underserved markets, bridging the "missing middle" financing gap where traditional investors often hesitate; headquartered in the Netherlands with operational teams in Kinshasa (DRC), Kampala (Uganda), Luanda (Angola), and expanding presence in Zambia and Kenya, the firm offers bespoke debt, mezzanine, and equity financing typically ranging from US$300,000 to US$10 million, combined with hands-on operational support, expertise, networks, and ESG enhancements to help talented entrepreneurs scale their businesses into market leaders across diverse sectors like manufacturing, retail, food processing, pharmaceuticals, essential consumer goods, internet connectivity, and construction-related industries in high-potential but challenging Central and East African markets, primarily the Democratic Republic of Congo, Angola, Uganda, Zambia, and Kenya. With a 15+ year track record of supporting nearly 100 SMEs, XSML manages the African Rivers Fund series and recently achieved the final close of African Rivers Fund IV (ARF IV) in January 2026 at US$142 million—exceeding its $135 million hard cap—with backing from development finance institutions, responsAbility’s Swiss Investment Fund for Emerging Markets, and German family offices; the firm emphasizes durable prosperity through job creation, improved access to essential goods and services, gender equality, and unlocking local talent, positioning itself as a pioneer in high-risk environments where it delivers both strong financial returns and meaningful impact. For more detail about XSML Capital, its investment focus and portfolio, please visit www.xsmlcapital.com/