ECP, a Pan-African private equity investor, has announced the final close of its fourth Pan-African fund, ECP Africa Fund IV (AFIV), receiving commitments of over $640m.
With first close of its new $100m “network fund”, Capria has launched an investment cycle with a focus on partnering with and investing in fund managers in Africa that invest in early-growth businesses.
Ethos has announced the first close and first two investments by its maiden AI fund, the first of its kind fund in South Africa focused on artificial intelligence technology.
AfricInvest, a pan-African mid-cap-focused private equity firm, has announced the second closing of its North African Fund, Maghreb Private Equity IV (MPEF IV).
AfricInvest, a pan-African private equity firm, has announced the second close of FIVE, an evergreen platform for investing in financial institutions in Africa.
Phatisa has announced the first close of its Phatisa Food Fund 2 (PFF 2), which has received capital commitments in excess of $120m.
I&P Développement 2 (IPDEV 2), a fund managed by Investisseurs & Partenaires, has reached its final closing at €11.5m and totalised an investment capacity of €21m.
The Off-Grid Energy Access Fund (OGEF) has announced its first close with committed capital of $58m from the African Development Bank (AfDB), the Nordic Development Fund, the Global Environment Facility, Calvert Impact Capital and All On.
PAPE Fund Managers, an established black-owned boutique private equity manager, has announced the first close of PAPE Fund III, with Investors committing initial capital of ZAR471m.
Denham Capital, a resources and energy-focused global private equity firm, has closed its first stand-alone mining fund, the Denham Mining Fund, at $558m to expand its’ portfolio in Australia, Canada, South America and Africa.
Criterion Africa Partners (CAP) has announced the first closing of the Africa Sustainable Forestry Fund II (ASFF II) with commitments of $81m toward its $150m target.
Ashburton Investments has successfully reached the first close of its inaugural mezzanine fund, raising R507.5m from four investors, according to Ashley Benatar, Head: Mezzanine Finance.
A.P. Moller Capital’s Africa Infrastructure Fund has reached its second close with total commitments reaching $865m.
Cepheus Growth Capital Partners, a private equity firm, has successfully reached its first close at $51m of its Cepheus Growth Capital Fund, receiving strong support from CDC Group, Norfund, and the European Investment Bank — family offices and various high net-worth individuals.