Overview
CRE Venture Capital, Inc., a Delaware corporation (“CRE” or the “Adviser”), was founded in
April 2015. Pardon Makumbe is the principal owner of CRE. The Adviser provides investment
advice to venture capital funds generally in the technology sector and levered to Africa.
CRE provides discretionary investment management services to affiliated venture capital funds (the
“Funds”). CRE’s services to the Funds consist of: (i) investigating, identifying and evaluating
investment opportunities; (ii) structuring, negotiating and making investments on behalf of the
Funds; (iii) managing and monitoring the performance of such investments; and (iv) exiting such
investments on behalf of the Funds. CRE’s services to each Fund are subject to the specific
investment
objectives and restrictions applicable to such Fund, as set forth in such Fund’s
governing documents (collectively, the “Governing Documents”).
Generally, CRE structures its investments by the Funds in the form of direct equity or quasi-equity
ownership of portfolio companies, but may also invest in secondary equity and quasi-equity and
other instruments or securities of existing portfolio companies. In the context of direct
investments, CRE often assumes a role as a member or observer on a portfolio company’s board
of directors or advisors, and thereby takes an active role in supporting management teams as they
run the portfolio companies.
As of December 2023 CRE had RAUM of approximately $368,039,939 in discretionary assets
attributable to the Funds.