PAPE Fund III has achieved final closing with total capital commitments of R950m from local and international institutional investors and private investment entities, as well as a capital investment commitment by the General Partner of the fund.
Verod Capital Management has announced an interim close of Verod Capital Growth Fund III at $150m, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II).
African Infrastructure Investment Managers (AIIM) has announced the final close of its pan-African infrastructure fund, AIIF3, which raised $320m from a diverse investor base across Africa, Europe and Asia.
Coöperatief Climate Fund Managers (CFM) has announced the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund at a combined $850m.
Velocity Capital has raised €105m for the FinTech Ventures Fund dedicated to backing early stage fintech companies that advance how people, businesses, and financial institutions grow economic opportunity.
Amethis has announced the final close of its second Pan-African fund, Amethis Fund II, which collected €375m from more than 70 investors in Europe and Africa, exceeding its initial target of €300m.
EXEO Capital has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at $146m, showing growth of nearly 50% on the size of the first fund.
Truestone, a frontier market impact investor, has announced plans to launch the Mano River Transition Fund that will invest up to $50m into SMEs across Sierra Leone and Liberia.
LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its $600m target to reach $700m.
AfricInvest has announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa.
Kasada Capital Management, a Sub-Saharan hospitality investment platform, has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over $500m.
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.
PAPE Fund Managers has raised a further R150m from the 27four Black Business Growth Fund (27four BBGF) for its first institutional backed private equity fund – PAPE Fund 3, taking its total committed capital to R680m.
AfricInvest and Cathay Innovation have launched the Cathay Africinvest Innovation Fund, the first Pan-African venture fund to connect the whole African continent and the world's leading innovation ecosystems. The Cathay Africinvest Innovation Fund, with a projected size of €150m, will contribute to the development and scaling up of innovative companies that demonstrate strong growth in Africa while being open to international markets.