Cape Town-headquartered venture capital firm HAVAÍC has announced the second close of its $50m African Innovation Fund 3.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for small and medium-sized enterprises (SMEs) and mid-cap companies across North and Sub-Saharan Africa, has announced the final close of its fourth fund, Mediterrania Capital IV Mid Cap (MC IV), at €600m.
Incofin Investment Management, a global impact asset manager, has announced the final close of the Water Access Acceleration Fund (W2AF) at approximately €61m in committed capital, exceeding its original target of €50m.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully raised $325m in new debt facilities, bringing recent commitments to $620m and exceeding the Fund's $500m target ahead of schedule.
IFC and TLG Capital have announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75m raised.
Aruwa Capital Management, a Lagos based female founded and led early-stage growth equity and gender lens fund manager, has raised 90% towards its $40m target for its second fund, Aruwa Capital Fund II.
Scalar International and Mergence Investment Managers have announced the launch of a $150 million private equity fund to finance clean energy and digital infrastructure in sub-Saharan Africa.
Inspired Evolution, a Pan-African private equity firm specializing in clean energy infrastructure, energy access and energy transition investments, has announced the final close of its Evolution III Fund on March 3, 2025, securing total commitments of $238m.
Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across Sub-Saharan Africa, as well as LATAM, MENAP, and other high-growth regions of the company’s presence.
The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 have launched a $500m DRE Nigeria Fund to develop and finance distributed renewable energy (DRE) projects in Nigeria.
Summit Africa, a specialist black-owned and managed impact investment manager and licensed financial services provider, has launched Summit’s Private Equity Fund II (SPEF II) with a $20m (c.R355 million) anchor investment by British International Investment (BII), the UK’s development finance institution and impact investor.
African Transition Acceleration Fund (ATAF 1), managed by African Infrastructure Investment Managers (AIIM), is the newest pan-African investment vehicle, designed to support Africa’s energy transition.
Kholo Capital Mezzanine Debt Fund I has reached final close at R1.4bn in commitments to make long-term mezzanine debt investments in small and medium sized businesses in South Africa, Botswana, Namibia, Lesotho and Swaziland.
P1 Ventures, an early-stage, Pan-African venture capital firm, has completed the final close of its first $50m institutional fund and welcomed African conglomerates, family offices, and partners at global VCs, alongside the World Bank’s IFC.
