InfraCo Africa and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).
African Infrastructure Investment Managers (AIIM) has completed a capital increase of ZAR5.5bn (c.$370m) for its flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS).
Summit Africa has announced the final close for its impact-focused private equity fund, Summit Private Equity Fund I (SPEF I), with total commitments of R1.6bn ($115m, exceeding its initial target.
Africa50 has launched Africa50 Infrastructure Acceleration Fund, a new Fund aimed at catalyzing further investment flows into African infrastructure.
African Development Partners III Fund (ADP III), managed by Development Partners International (DPI), has exceeded its $800m target, and is set to hold a final close at $900m, with an additional $250m of dedicated co-investment capital.
BluePeak Private Capital has raised over $100m for the initial closing of its flagship private credit and mezzanine fund, BluePeak Private Capital Fund I.
Sahel Capital has launched the $24m Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German development bank, KfW.
Sanlam Investments has launched Sanlam Investments Sustainable Infrastructure Fund with commitments of R500m.
Fortis Green Renewables Investment Management, an investment firm providing capital to small-scale renewable energy assets in Sub-Saharan Africa, has recently held the initial close in its Green Fund I.
Global Coalition has launched a first-of-its-kind relief fund with a first close of $68m and a target of over $80m to protect energy access for at least 20 million people in sub-Saharan Africa and Asia.
Amethis, an investment fund manager dedicated to long-term responsible investing across the African continent, has announced the first closing of Amethis MENA Fund II at $101m (€85m).
The African Development Bank (AfDB) has reached financial close on financing agreements for a $20m concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP).
The Acumen Resilient Agriculture Fund (ARAF), sponsored by Acumen and anchored by Green Climate Fund, has closed on June 30 at $58m, above its fundraising target.
Convergence Partners Digital Infrastructure Fund (CPDIF) has reached its first close at $120m, targeting a final size of $250m.