Incofin Investment Management, a global impact asset manager, has announced the final close of the Water Access Acceleration Fund (W2AF) at approximately €61m in committed capital, exceeding its original target of €50m.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully raised $325m in new debt facilities, bringing recent commitments to $620m and exceeding the Fund's $500m target ahead of schedule.
Africa50, a pan-African infrastructure investor and asset manager, has signed a Memorandum of Understanding (MoU) with the Bourse Régionale des Valeurs Mobilières (BRVM) to pioneer new infrastructure financing solutions within the West African Economic and Monetary Union (WAEMU), leveraging the region’s capital markets.
In a significant vote of confidence for Africa’s underserved mid-market, four leading European Development Finance Institutions (EDFIs)—British International Investment (BII), FMO (the Dutch entrepreneurial development bank), Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM)—have jointly committed $80m to BluePeak Private Capital Fund II (BPCF II).
African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund as part of its Creative Africa Nexus Programme (CANEX).
The majority of Limited Partners (LPs) (71%) cite a weak exit climate and unpredictable exit windows as the biggest challenges to investing in Africa, according to the latest Deals to Dollars: Navigating Successful Private Equity Exits in Africa publication by Boston Consulting Group (BCG).
IFC and TLG Capital have announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75m raised.
African private capital activity showed notable resilience in 2024, marked by increased participation from African LPs, continued reliance on proven sectors like Consumer Staples and Financials, and an increase in exit volumes, according to the AVCA's 2024 African Private Capital Activity Report.
Aruwa Capital Management, a Lagos based female founded and led early-stage growth equity and gender lens fund manager, has raised 90% towards its $40m target for its second fund, Aruwa Capital Fund II.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, is pleased to announce the successful full exit of its investment in Akdital through the MC III fund.
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