The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59m in committed equity capital and $36m debt facilities, to support innovative, off-grid energy access companies.
Quona Capital, a venture firm focused on financial inclusion in emerging markets, has announced the final close of the Accion Quona Inclusion Fund with $203m in commitments, significantly exceeding its $150m target.
Metier has received $113m in commitments and has called a first close of its second Sustainable Capital Fund, MSC II.
Janngo has unveiled Janngo Capital Startup Fund, a €60m Venture Capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa.
Verod Capital Management has announced the final close of Verod Capital Growth Fund III (Verod Fund III), exceeding the initial target, as well as the size of its predecessor fund, Verod Capital Growth Fund II.
Proparco has launched a Call for Expressions of Interest for an investment fund dedicated to African SMEs.
Aruwa Capital Management, a female-founded and led private equity firm focussed on Nigeria and Ghana, has launched a $20m co-investment vehicle.
Adiwale Partners, a private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, at €50m.
Accion Venture Lab has added $33m to its initial capital pool, with the launch of a new $23m fund and an additional, separate $10m investment from nonpofit Accion.
Tamela Capital Partners, a subsidiary of Tamela Holdings, has annouxned the first closing of the Tamela Mezzanine Debt Fund 1 (Tamela Mezz Fund) at R420m.
Actis has completed fundraising for its Actis Long Life Infrastructure Fund (ALLIF) with over $1.23bn of fund commitments plus co-investment, delivering up to approximately $2bn of investable capital for this new strategy.
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.