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.
Meridiam, a global infrastructure fund manager, has announced the closing of the reopening for Meridiam Infrastructure Africa Fund (MIAF) with €546m (approximately $615m) in capital commitments, above its initial target of €510m.
The International Fund for Agricultural Development has launched a €200m impact fund to scale agribusiness in developing countries.
Investisseurs & Partenaires, has announced the intermediate closing of its fund I&P Afrique Entrepreneurs 2 (IPAE 2), bringing the fund’s investment capacity to €75m.
Amethis has announced an intermediary closing of its second Pan-African fund, Amethis Fund II, with €305m in commitments, exceeding its initial target of €300m.
Partech has announced the final closing of its Partech Africa fund at €125m ($143m) more than double the size of its first closing a year ago at €57m ($70m).
CrossBoundary Energy Access (CBEA), Africa’s first blended project financing facility for mini-grids, has launched with funding commitments from impact-first investors The Rockefeller Foundation and Ceniarth.