XSML, a private equity fund manager active in Central and East Africa, has announced the first close of its African Rivers Fund III (ARF III) at $54m.
The SDG Frontier Fund has reached its first closing at €25.3m with the participation of nine Belgian private investors together with BIO, the Belgian Investment Company for Developing Countries.
OP Finnfund Global Impact Fund I has raised €76m in the first round of funding, attracting various institutional investors.
Sanlam Investments has committed R2.25bn of its own capital to seed three funds with the core objective of preserving and creating jobs ̶ in a drive to mobilise further capital from like-minded investors set on re-igniting economic growth.
Mediterrania Capital Partners, a dedicated private equity firm focusing on growth investments in SMEs and mid-cap companies in Africa, has reached a €286m final closing for its third fund for Africa, Mediterrania Capital III (MC III), exceeding its target size of €250m.
The Dutch Good Growth Fund (DGGF) has partnered with Azur Partners to launch the Azur Innovation Fund (AIF) to support the Moroccan entrepreneurial ecosystem
27four Black Business Growth Fund II (27four BBGF II), a blended finance partnership between the South African Government through the Jobs Fund, and South African institutional investors, has announced a second close with total capital of R710m.
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59m in committed equity capital and $36m debt facilities, to support innovative, off-grid energy access companies.
Quona Capital, a venture firm focused on financial inclusion in emerging markets, has announced the final close of the Accion Quona Inclusion Fund with $203m in commitments, significantly exceeding its $150m target.
Metier has received $113m in commitments and has called a first close of its second Sustainable Capital Fund, MSC II.
Janngo has unveiled Janngo Capital Startup Fund, a €60m Venture Capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa.
Verod Capital Management has announced the final close of Verod Capital Growth Fund III (Verod Fund III), exceeding the initial target, as well as the size of its predecessor fund, Verod Capital Growth Fund II.
Proparco has launched a Call for Expressions of Interest for an investment fund dedicated to African SMEs.
Aruwa Capital Management, a female-founded and led private equity firm focussed on Nigeria and Ghana, has launched a $20m co-investment vehicle.