Secha Capital has announced a first close of its second fund, with R300m in investments from blue-chip investors RMB - Rand Merchant Bank Ventures, 27four Investment Managers, SA SME Fund and Caleo Capital.
Metier has announced the first close for Metier Capital Growth Fund III, raising just over $182m, with further commitments expected by final close positioning Metier to exceed its targeted fund size of $200m.
Abidjan-based private equity firm Joliba Capital has announced the first close of its Joliba Fund I, raising €55m from commercial and development investors including IFC, Proparco, FMO and the French private equity firm LBO France.
The Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers, has exceeded its fundraising target, reaching a successful final close at R2.15bn ($115m).
A mixed group of investors, including family offices, private investors, and institutional investors, have committed €57m to the first close of uMunthu II fund.
Capria Ventures, a Global South specialist firm investing in early-growth Global South startups, has announced the first close of its target of $100m fund.
Equator, a climate-tech venture capital firm focused on Sub-Saharan Africa, has announced the initial close of its first fund with approximately $40m.
Partech has announced the first closing of Partech Africa II at €245M, above the target fund size.
Vantage Capital has announced the final close on its fourth mezzanine fund with $377m of commitments secured from a mix of European and US-based commercial investors, as well as a host of development finance institutions (DFIs) that include IFC, BII, SIFEM, DEG, Norfund, Swedfund, Finnfund and EIB.
Convergence Partners has announced the successful closing of its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296m, surpassing its initial target by over 18%.
Adenia Partners, a private markets investment firm committed to responsible investing and a sustainable Africa, has announced the first close of Adenia Capital V with $300m commitments from investors.
Ventures Platform has announced the final close of its early-stage and intercontinental fund, at $46m, surpassing its initial $40m target.
Aruwa Capital Management, a Lagos based female founded and led early-stage growth equity and gender lens investment fund, has closed its first institutional fund, which was oversubscribed, surpassing a target of $20m.
Goodwell Investments has launched uMunthu II, aiming to raise €150m to finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for un(der)served consumers in Africa.