The Acumen Resilient Agriculture Fund (ARAF), sponsored by Acumen and anchored by Green Climate Fund, has closed on June 30 at $58m, above its fundraising target.
Convergence Partners Digital Infrastructure Fund (CPDIF) has reached its first close at $120m, targeting a final size of $250m.
Vantage Capital, Africa’s largest mezzanine fund manager, has announced the successful first close on its fourth mezzanine fund at $207m.
The Africa Renewable Energy Fund II (AREF II) has achieved its first close at €125m, following a joint investment of €17.5m from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.
Sanlam Investments, South Africa's largest black-owned asset manager, is looking to raise an additional R35bn for its range of impact funds.
Ascent has announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than $100m, significantly exceeding its initial target of $80m.
Uhuru Investment Partners, a middle-market private equity firm, has announced the first close of Uhuru Growth Fund I (UGF) at $113m.
Misr Capital, the investment arm of Banque Misr, and Elevate Private Equity have launched a $380m healthcare investment platform, Nile Misr Scan & Labs.
CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund (CCAGF) at $64m.
RisCura has launched the South Africa’s first Impact fund of funds (FoF) series in line with the globally recognised definition of impact investing “to generate positive, measurable social and environmental impact”.
HSBC Asset Management and IFC have announced the final closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), boosting access to climate finance and helping further develop the market for green bonds.
Savannah Fund, Africa’s technology venture capital firm, has launched Savannah Fund II, a $25m fund that will invest in early-stage startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.
SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia.
HAVAÍC, an African focused venture capital investor, has announced the second close of its Universum Core African Fund, a joint venture between HAVAÍC and Universum Wealth.