Yeelen Financial Fund, a private equity fund dedicated to the financial sector within the West African Economic and Monetary Union (WAEMU), has raised over €30m at the end of an initial closing.
TIDE Africa, an international venture capital fund focused exclusively on technology enabled solutions and innovation serving Sub-Saharan Africa (SSA), has reached its first close of $40m of the $100m target.
The African Development Bank, CDC Group, and the Dutch Good Growth Fund have jointly committed $31m to the Fund for Agricultural Finance in Nigeria (FAFIN).
Fanisi Capital is targeting Sh10bn over next 12 months for its closed-ended 10-year SME venture fund.
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has reached the final closing of Adenia Capital (IV).
Victus Global Capital (VGC) is in the process of building its initial $50m fund with the stated objective of assisting women-led and/or women-focused agri-businesses in Africa, Africa Global Funds has learned.
Frontier Energy II, an investment fund focused on developing, constructing and operating renewable energy projects in Sub-Saharan Africa, has achieved its first closing at $116m.
XSML, a private equity fund manager active in Central & East Africa, has announced the final close of its African Rivers Fund at $50m.
The Momentum Africa Real Estate Fund (MAREF) has raised $170m at the final close, receiving commitments from a total of 18 investors including African pension funds, institutions and family offices.
Catalyst Principal Partners has completed a first close of its Catalyst Fund II at $103m, being in excess of the target fund size and over 80% of the final achieved hard-cap for its first fund, Catalyst Fund I.
Phatisa Group has announced successor fund to the firm’s $246m African Agriculture Fund (AAF) and the firm’s third fund under management.
The Accion Frontier Inclusion Fund, the world’s first global fintech fund for the underserved consumers and businesses in emerging markets, has reached final closing at $141m.
Actis, a growth markets investor, has reached final closing on its fourth energy fund Actis Energy 4 (AE4) with commitments hitting a hardcap at $2.75bn.
Mediterrania Capital Partners, a private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, has announced plans to raise €250m for its third fund, Mediterrania Capital III (MC III).