PAPE Fund Managers has raised a further R150m from the 27four Black Business Growth Fund (27four BBGF) for its first institutional backed private equity fund – PAPE Fund 3, taking its total committed capital to R680m.
AfricInvest and Cathay Innovation have launched the Cathay Africinvest Innovation Fund, the first Pan-African venture fund to connect the whole African continent and the world's leading innovation ecosystems. The Cathay Africinvest Innovation Fund, with a projected size of €150m, will contribute to the development and scaling up of innovative companies that demonstrate strong growth in Africa while being open to international markets.
Meridiam, a global infrastructure fund manager, has announced the closing of the reopening for Meridiam Infrastructure Africa Fund (MIAF) with €546m (approximately $615m) in capital commitments, above its initial target of €510m.
The International Fund for Agricultural Development has launched a €200m impact fund to scale agribusiness in developing countries.
Investisseurs & Partenaires, has announced the intermediate closing of its fund I&P Afrique Entrepreneurs 2 (IPAE 2), bringing the fund’s investment capacity to €75m.
Amethis has announced an intermediary closing of its second Pan-African fund, Amethis Fund II, with €305m in commitments, exceeding its initial target of €300m.
Partech has announced the final closing of its Partech Africa fund at €125m ($143m) more than double the size of its first closing a year ago at €57m ($70m).
CrossBoundary Energy Access (CBEA), Africa’s first blended project financing facility for mini-grids, has launched with funding commitments from impact-first investors The Rockefeller Foundation and Ceniarth.
Ata Capital, a majority black-owned and 100% black managed investment management company, is raising its third fund and is targeting R1.5bn from South African institutional investors.
AfricInvest, a pan-African private equity firm, has announced the third close of FIVE, an evergreen platform for investing in financial institutions in Africa, bringing total commitments to €67m.
Sawari Ventures, an international venture capital firm, has announced a $35m first closing of Sawari Ventures North Africa Fund I (SVNFI).
East African focused fund manager, Catalyst Principal Partners, has closed its second fund, achieving $155m (Kes.15.5bn) of capital commitments from international and regional investors, as a successor to Catalyst Fund I, a $125m fund raised in 2009.
AfricInvest, a pan-African mid-cap-focused private equity firm, has announced the final close of its North African Fund, Maghreb Private Equity IV (MPEF IV).
ECP, a Pan-African private equity investor, has announced the final close of its fourth Pan-African fund, ECP Africa Fund IV (AFIV), receiving commitments of over $640m.