AfricInvest, a pan-African private equity firm, has announced the second close of FIVE, an evergreen platform for investing in financial institutions in Africa.
Phatisa has announced the first close of its Phatisa Food Fund 2 (PFF 2), which has received capital commitments in excess of $120m.
I&P Développement 2 (IPDEV 2), a fund managed by Investisseurs & Partenaires, has reached its final closing at €11.5m and totalised an investment capacity of €21m.
The Off-Grid Energy Access Fund (OGEF) has announced its first close with committed capital of $58m from the African Development Bank (AfDB), the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
PAPE Fund Managers, an established black-owned boutique private equity manager, has announced the first close of PAPE Fund III, with Investors committing initial capital of ZAR471m.
Denham Capital, a resources and energy-focused global private equity firm, has closed its first stand-alone mining fund, the Denham Mining Fund, at $558m to expand its’ portfolio in Australia, Canada, South America and Africa.
Criterion Africa Partners (CAP) has announced the first closing of the Africa Sustainable Forestry Fund II (ASFF II) with commitments of $81m toward its $150m target.
Ashburton Investments has successfully reached the first close of its inaugural mezzanine fund, raising R507.5m from four investors, according to Ashley Benatar, Head: Mezzanine Finance.
A.P. Moller Capital’s Africa Infrastructure Fund has reached its second close with total commitments reaching $865m.
Cepheus Growth Capital Partners, a private equity firm, has successfully reached its first close at $51m of its Cepheus Growth Capital Fund, receiving strong support from CDC Group, Norfund, and the European Investment Bank — family offices and various high net-worth individuals.
Capria Network, which includes 11 fund managers across 5 continents, is aiming to raise $200m by December 2018, to deploy funds in sectors that make a critical difference to large sections of the population in emerging markets.
Ashburton Investments is looking to raise between R1bn and R1.5bn of commitments from investors for its Rand denominated Ashburton Mezzanine Fund I, Africa Global Funds can reveal.
Goodwell Investments has reached final closing of its Goodwell III fund, raising €20m from over 30 investors for investments in inclusive economy in Sub-Saharan Africa.
Partech Ventures has launched a €100m fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa.