Actis has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target.
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, is aiming to have a first close of its fourth fund this Summer.
Purple Capital Partners, a Nigerian investment firm specialising in real estate and financial services, is planing to raise $50m in 2016 for two parallel funds focused on retail properties or mixed use properties involving retail, in the Lagos urban area.
GroVest, a venture capital firm that invests in innovative technology companies, has raised R62m ($4.01m) in the first round of funding for its GroTech fund with a significant capital injection from Caleo Capital, a wealth and asset management business.
Investisseurs & Partenaires (I&P;) has launched Teranga Capital, an equity impact investment fund dedicated to promising small growing businesses and start-ups in Senegal, with financing needs comprised between 75,000 and 300,000 euros.
TVM Capital Healthcare Partners has registered a new emerging markets-focused fund, TVM Healthcare III, which intends to raise $300m to invest in up to 12 healthcare companies in the MENA, India, and Southeast Asia.
Ashburton Investments has raised just under $250m of the $450m final target at the first close of the RMB Westport Real Estate Development Fund II (Westport II).
Futuregrowth Asset Management, a boutique of Old Mutual Investment Group, is capital raising for its third South African focused agriculture fund, Africa Global Funds can reveal.
Enko Capital Managers (ECM) has reached a $83.25m final close of the Enko Africa Private Equity Fund (EAPEF), a Pan-African fund focused on providing growth capital to late-stage private companies across a broad spectrum of economic sectors in Africa.
AfricInvest and Siparex have announced the first closing of the Fonds de Co-Localisation Franco-Tunisien (FCFT), promoted and equally subscribed by French and Tunisian state investors, Bpifrance (France) and Caisse des Dépôts et Consignations (Tunisia).
Knife Capital, a South African venture capital firm, has launched KNF Ventures, a new fund dedicated to investing in innovation-driven ventures that aims for a minimum of 40% annualized return on investments.
Investec Asset Management, one of the largest investors in Africa, has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295m.
Investisseurs & Partenaires (I&P;) has launched Sinergi Burkina, a new fund dedicated to small growing businesses and start-ups in Burkina Faso, as part of the IPDEV2 project.
XSML, a private equity fund manager active in Central Africa, has announced the first close of its African Rivers Fund at $45m, attracting a number of leading institutional investors.
