Seedstars Africa Ventures has partnered with LBO France for its $100m fund for African early-stage entrepreneurs, as part of the new African strategy of the French PE firm totaling €6.3bn in commitments.
27four has launched 27four Women, an accelerator managed by women for women that will focus on accelerating the trajectory for achieving both transformation and gender parity goals in South African asset management.
Laurium Capital has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
State Street Global Advisors, the asset management arm of State Street Corporation, has launched the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC).
Goodwell Investments, an impact investment firm, has launched Goodwell V, a €50m cornerstone feeder fund for a new institutional fund that the company plans to launch in the second half of this year.
Harith General Partners, one of the largest investors in African Infrastructure, has announced a $200m capital raise in a follow-up fund to its Pan African Infrastructure Development Fund (PAIDF) 2, that is open to existing and new investors.
The Government of Canada and the African Development Bank have launched the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component.
The African Enterprise Challenge Fund (AECF) has launched a $1.2m Innovation Fund to unlock the potential of renewable energy to create new business opportunities.
SouthBridge Investments (SBI) and New African Capital Partners (NACP) have launched SBNA, a joint venture that will act as a permanent capital fund, aiming to attract investors who take a long-term view on Africa.
Digital Africa in partnership with Proparco has launched Bridge Fund by Digital Africa, a new financial instrument to help African startups mitigate the economic impact of the Covid-19 pandemic.
BlueOrchard Finance in partnership with Schroders, CDC, DFC, and JICA has launched the BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund with a target size of $350m.
African Lions Fund, a BVI domiciled private fund to invest in sub-Saharan Africa ex-South African equity markets, is set to launch for trading in October, according to CEO of the Investment Manager, ST Funds Management, Tim Staermose.
Ninety One, a JSE- and LSE-listed investment manager, in association with Ethos Private Equity has launched an impact investment initiative, the Ninety One SA Recovery Fund.
The Oikocredit International Support Foundation (ISUP) has launched a coronavirus solidarity fund to support small business in Africa, Asia and Latin America that are struggling to find the means to comply with regulations due to Covid-19.