Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, has announced the first closing of its third capital growth fund, Mediterrania Capital III LP, at €103m.
Phatisa Food Fund 2 (PFF2) has received $10m from the African Development Bank Group to boost agriculture and nutrition across Africa.
Arab Angel Fund, a strategic venture capital firm, has closed its oversubscribed debut fund at its $25m target, raising an additional $15m.
NBK Capital Partners has successfully closed its second mezzanine fund, NBK Capital Partners Mezzanine Fund II, with $160m in capital commitments, driven by strong demand from institutional investors and family offices.
Yeelen Financial Fund, a private equity fund dedicated to the financial sector within the West African Economic and Monetary Union (WAEMU), has raised over €30m at the end of an initial closing.
TIDE Africa, an international venture capital fund focused exclusively on technology enabled solutions and innovation serving Sub-Saharan Africa (SSA), has reached its first close of $40m of the $100m target.
The African Development Bank, CDC Group, and the Dutch Good Growth Fund have jointly committed $31m to the Fund for Agricultural Finance in Nigeria (FAFIN).
Fanisi Capital is targeting Sh10bn over next 12 months for its closed-ended 10-year SME venture fund.
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has reached the final closing of Adenia Capital (IV).
Victus Global Capital (VGC) is in the process of building its initial $50m fund with the stated objective of assisting women-led and/or women-focused agri-businesses in Africa, Africa Global Funds has learned.
Frontier Energy II, an investment fund focused on developing, constructing and operating renewable energy projects in Sub-Saharan Africa, has achieved its first closing at $116m.
XSML, a private equity fund manager active in Central & East Africa, has announced the final close of its African Rivers Fund at $50m.
The Momentum Africa Real Estate Fund (MAREF) has raised $170m at the final close, receiving commitments from a total of 18 investors including African pension funds, institutions and family offices.
Catalyst Principal Partners has completed a first close of its Catalyst Fund II at $103m, being in excess of the target fund size and over 80% of the final achieved hard-cap for its first fund, Catalyst Fund I.