The mission of Gazelle Finance is to create a better financial future for capable entrepreneurs and the communities they serve. We adhere to core principles that define the way we do business.
In 2013 Eurasia Foundation provided seed capital to launch an independent fund manager, Gazelle Finance led by Jeffrey Liebert, with the objective of providing SME finance to high growth SMEs in the Eurasia region.
Gazelle Finance is the Fund Manager of Gazelle Fund LP (the Fund), a multi - country investment fund that invests in the high - growth potential small and medium enterprises (SMEs) in Eurasia. The Fund is capitalized at approximately $28.1 million (with equity capital and debt capital) and invests in SMEs in Armenia and Georgia, expecting to invest in a total of roughly 45 companies. The Gazelle Finance team is inspired by and learning from the Business Partners team in South Africa.
The fund is a closed - end fund with a fund life of 10+1 years. The investment period is set to five years, with an optional extension of one year. Gazelle is designed as a regional fund to allow for risk diversification.
Gazelle provides growth capital and risk financing to SMEs, with each investment ranging from $100,000 to $1.0 million, in the form of income participation loans and equity investments. It targets SMEs that possess high-growth potential ("gazelles") but that do not necessarily have the collateral or sufficient historical cash flows that banks require for lending purposes. The fund will target investees across multiple economic sectors and in all business growth stages. Gazelles are defined as business of which the turnover is growing at or poised to grow at 20 percent per annum for a period of at least four years.
To complement its two financial products, Gazelle has developed a Technical Assistance facility to provide additional non - financial services to its clients. With this facility, technical expertise can be provided to clients in business related fields such as Financial analysis and audits, preparation of a business plan/marketing plan, expert advice, technical competitive audits, certification/license such as ISO, GMP, HAACP, design and delivery of MIS/accounting systems, typically up to 5% of the total investment amount. It is the view of Gazelle that by having the entrepreneur bearing the costs of the TA, the commitment of the entrepreneur will be ensured. Three different products can be offered by the TA facility: zero interest loans, grants and "floating CFO".
SERVE THE UNDESERVED
We identify the gaps and barriers in capital markets and provide a growth capital financing solution to carefully selected, capable and responsible entrepreneurs with strong and viable business plans but who cannot secure financing otherwise.
We empower entrepreneurs with capital and expertise so that they can drive economic growth and development in their communities.
We build long- term partnerships by aligning our investment interests with entrepreneurs, focusing on growing their businesses for mutual benefit.
We believe that successful investment requires active and ongoing engagement by our investment officers, from origination all the way to our exit.
ENHANCE THE COMMUNITY
We believe that good jobs and viable career paths are the foundation of successful communities. When we capitalize and confer know - how to our partners we help them create high quality jobs, at their own enterprises and at companies in the supply chain, while promoting responsible business practices.
DELIVER RETURNS TO OUR INVESTORS
We believe it is essential to achieve financial returns for our investors and development impact for the citizens of the communities we serve, thereby ensuring the availability of resources for continued economic and social improvement. We believe that with well targeted smart investments into promising SMEs, financial returns and development impact go hand in hand.
We are proud and humbled to work with some of the brightest and most tenacious founders around. Sound like you? it’s never too early to talk to us about your idea, technology or vision. A seed investment for us can be small, sometimes even just a few hundred thousand dollars are the earliest stage, meaning a founder and an idea. Even if we aren’t the right fit, we may be able to introduce you to someone who is.