The Accion Frontier Inclusion Fund, the world’s first global fintech fund for the underserved consumers and businesses in emerging markets, has reached final closing at $141m.
Actis, a growth markets investor, has reached final closing on its fourth energy fund Actis Energy 4 (AE4) with commitments hitting a hardcap at $2.75bn.
Mediterrania Capital Partners, a private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, has announced plans to raise €250m for its third fund, Mediterrania Capital III (MC III).
Apis Partners, a private equity asset manager focused on financial services in the growth markets of Africa and South Asia, has announced the final close of Apis Growth Fund I.
EXEO Capital, a pan-African private equity investment firm, has raised over $100m for the first close of its Agri-Vie Fund II, focused on the food and agribusiness sector in Sub-Saharan Africa.
Inspired Evolution, a South African clean energy and resource efficiency specialised fund manager, is targeting $250m for a final closing of its Evolution II fund by the end of 2017.
The Rocket Internet Capital Partners fund (RICP) has held its final closing at the hard cap of $1.0bn dedicated to early stage and growth equity investments in the global Internet sector.
The African Development Bank (AfDB) is looking to raise up to $400m from DFIs, impact investors and commercial banks for a pan-African renewable energy debt fund.
Algebra Ventures has announced the $40m first closing of its new technology venture capital fund, at the moment the largest in Egypt.
Citigate International, a Dubai based financial consultancy, has announced the successful closing of Safa Afrique with $10m raised from GCC investors.
Gulf Capital, one of the largest alternative investment firms in the Middle East, has reached the final close of its second private debt and mezzanine fund, Gulf Credit Opportunities Fund II, over its target cover of $250m (AED925m).
The Agroforestry Technical Assistance Facility (ATAF), managed by the Common Fund for Commodities (CFC), has achieved a first closing of $2.8m.
Bpifrance and Proparco have announced a €75m interim closing of the Averroès Finance III fund with the addition of two new investors, Fransabank and Bank Audi.
The Ethos Mid Market Fund I, a black-managed, mid-market focused fund in South Africa, has raised R675m ($47.39m) at first close, Africa Global Funds can reveal.