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.
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.
XSML, a private equity fund manager active in Central Africa, has announced the first close of its African Rivers Fund at $45m, attracting a number of leading institutional investors.
Verod Capital, a private equity manager based in Nigeria, has held the final closing of its Verod Capital Growth Fund II at $115m, exceeding its original target of $100m.
Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, has announced the second close of its Kibo Fund II.
Gulf Capital, one of the leading alternative investment firms in the Middle East, has raised $175m (AED 644m) for the first closing of its second credit and mezzanine fund, Gulf Credit Opportunities Fund II.
Moringa, SICAR, a private equity investment vehicle dedicated to making investments in sustainable agroforestry projects in sub-Saharan Africa and Latin America, has announced its final close at €84m.
The Investment Funds for Health in Africa (IFHA) has raised a total of $136.85m in the second closing from a diverse range of investors, including multinational companies, pension funds and development finance institutions.
CrossBoundary Energy has raised $8m in equity at the first close of CrossBoundary Energy Fund I, Africa’s first dedicated fund for commercial and industrial solar.
TLG Capital, a private equity firm focused on Sub-Saharan Africa, is targeting $150m for its new credit fund, according to Nicholas Hofgren, Advisory Board Member.
Warburg Pincus, a global private equity firm focused on growth investing, has successfully raised its latest global fund, Warburg Pincus Private Equity XII, receiving commitments in excess of $12bn hard cap.
Bamboo Finance and Louis Dreyfus Holding have joined forces to launch and manage NISABA, a $50m impact investment fund focused on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa.
Investisseurs & Partenaires (I&P;), an impact investment group dedicated to African SMEs, has announced the first closing of IPDEV2, the first incubator and sponsor of African impact funds.