TLcom has announced a $70m first close for its $150m Africa-focused tech fund, firmly positioning the investor to become the largest independent VC firm fully dedicated to the continent.
Kleoss Capital has reached first close for its Fund II of R600m, more than half of the total targeted fund size of R1bn.
Verdant Capital Hybrid Fund (VCHF), a new fund to support micro, small and medium-sized enterprises (MSME) growth in Africa, has reached its first closing with committed capital of $36m.
Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has announced the final close of the $100m fund with European Investment Bank (EIB) joining as the closing investor with $24.6m.
Ventures Platform, an early-stage “discovery” venture capital fund, has announced the first close of its $40m Pan-African, early-stage fund to invest in market-creating innovations.
Medical Credit Fund (MCF), the only debt fund fully dedicated to the African health sector, has completed a €32.5m fundraise of its second fund, MCF II.
XSML has announced the final close of the African Rivers Fund III (ARF III) at $81m, exceeding its target of $75m.
InfraCo Africa and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).
African Infrastructure Investment Managers (AIIM) has completed a capital increase of ZAR5.5bn (c.$370m) for its flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS).
Summit Africa has announced the final close for its impact-focused private equity fund, Summit Private Equity Fund I (SPEF I), with total commitments of R1.6bn ($115m, exceeding its initial target.
Africa50 has launched Africa50 Infrastructure Acceleration Fund, a new Fund aimed at catalyzing further investment flows into African infrastructure.
African Development Partners III Fund (ADP III), managed by Development Partners International (DPI), has exceeded its $800m target, and is set to hold a final close at $900m, with an additional $250m of dedicated co-investment capital.
BluePeak Private Capital has raised over $100m for the initial closing of its flagship private credit and mezzanine fund, BluePeak Private Capital Fund I.
Sahel Capital has launched the $24m Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German development bank, KfW.