Apis Partners, a London-based private equity firm, has reached a first close of over $157m on its debut fund focused on financial technology startups in Africa and South Asia.
Momentum Global Investment Management, in conjunction with sister company Eris Property Group, has successfully completed the second close of the Momentum Africa Real Estate Fund.
Mediterrania Capital Partners, a private equity firm focusing on growth investments for SMEs, has reached a final close of Mediterrania Capital II at the planned target of €120m ($133.27m).
Convergence Partners, a specialist African investment management firm, has announced the successful final close of the Convergence Partners Communication Infrastructure Fund (CPCIF), reaching over $200m in capital commitments.
The IFC Middle East and North Africa (MENA) Fund has raised $125m from IFC, a member of the World Bank Group, the Arab Fund for Economic and Social Development, the Arab Investment Company and the Arab Petroleum Investment Corporation.
Incofin Investment Management has reached a first closing of the agricultural Rural Impulse Fund (agRIF) at $71m to invest in financial intermediaries in emerging economies (Africa, Asia, LAC Region, CEE-NIS).
Auvest Group, a principal investor offering investment management services to institutions and family offices, has launched the Auvest MENASA Opportunities Fund I, aiming to raise between $250m and $300m.
The Pembani Remgro Infrastructure Fund has achieved a successful first closing of $245m, with the aim of achieving final close during 2015 at a target fund size of $500m.
Duet Group has signed a partnership agreement with Bouygues Batiment International to establish Duet Africa Hotels, a vertically integrated hotel investment, development and asset management company, with an initial target equity raise of $200m.
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, has closed its second financial inclusion focused fund at $31m.
The Abraaj Group has final closed its Africa Fund III, a third dedicated Sub-Saharan Africa private equity fund, at $990m, receiving support from a diverse range of global institutional investors, pension funds, sovereign wealth funds and development finance institutions.
IFC, a member of the World Bank Group, has announced the first closing of the IFC Financial Institutions Growth Fund (FIG Fund), committing $150m to the fund.
Development Partners International (DPI), a $1.1bn Africa-focused private equity firm, has raised $725m for its second pan-African fund from a range of institutional investors, exceeding its $500m target.
Carlyle International Energy Partners (CIEP) is planning to invest around 10% to 20% of the $2.5bn fund’s capital in oil and gas industry in Africa, according to The Carlyle Group, a global alternative asset manager.
