Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth fund-of-funds (FoF) for Africa, at €55m with a target size of €100m.
Eos Capital, a Namibian private equity fund manager, has launched its third fund - the Euphrates Agriculture Fund, which aims to facilitate the industrialization of the agriculture sector, deliver social impact and provide medium term returns to investors.
The Egyptian American Enterprise Fund (EAEF), a US government-funded private entity, has invested $50m in Lorax Capital Partners (LCP) Fund II, which has raised $142m for its first close.
Endeavor Catalyst has announced the final closing of Fund III, a $134m venture capital fund through which it plans to continue to invest in Endeavor Entrepreneurs in emerging and underserved markets globally.
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.