Algebra Ventures, a Egyptian venture capital firm, has raised $40m of its $50m target for the Algebra Capital, a tech-focused venture capital fund.
Actis has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target.
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, is aiming to have a first close of its fourth fund this Summer.
Purple Capital Partners, a Nigerian investment firm specialising in real estate and financial services, is planing to raise $50m in 2016 for two parallel funds focused on retail properties or mixed use properties involving retail, in the Lagos urban area.
Investisseurs & Partenaires (I&P;) has launched Teranga Capital, an equity impact investment fund dedicated to promising small growing businesses and start-ups in Senegal, with financing needs comprised between 75,000 and 300,000 euros.
GroVest, a venture capital firm that invests in innovative technology companies, has raised R62m ($4.01m) in the first round of funding for its GroTech fund with a significant capital injection from Caleo Capital, a wealth and asset management business.
TVM Capital Healthcare Partners has registered a new emerging markets-focused fund, TVM Healthcare III, which intends to raise $300m to invest in up to 12 healthcare companies in the MENA, India, and Southeast Asia.
Ashburton Investments has raised just under $250m of the $450m final target at the first close of the RMB Westport Real Estate Development Fund II (Westport II).
Futuregrowth Asset Management, a boutique of Old Mutual Investment Group, is capital raising for its third South African focused agriculture fund, Africa Global Funds can reveal.
Enko Capital Managers (ECM) has reached a $83.25m final close of the Enko Africa Private Equity Fund (EAPEF), a Pan-African fund focused on providing growth capital to late-stage private companies across a broad spectrum of economic sectors in Africa.
Knife Capital, a South African venture capital firm, has launched KNF Ventures, a new fund dedicated to investing in innovation-driven ventures that aims for a minimum of 40% annualized return on investments.
AfricInvest and Siparex have announced the first closing of the Fonds de Co-Localisation Franco-Tunisien (FCFT), promoted and equally subscribed by French and Tunisian state investors, Bpifrance (France) and Caisse des Dépôts et Consignations (Tunisia).
Investec Asset Management, one of the largest investors in Africa, has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295m.
Investisseurs & Partenaires (I&P;) has launched Sinergi Burkina, a new fund dedicated to small growing businesses and start-ups in Burkina Faso, as part of the IPDEV2 project.