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.
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).
Algebra Ventures has announced the $40m first closing of its new technology venture capital fund, at the moment the largest in Egypt.
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.
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has launched Adenia Capital (IV), its fourth follow-on fund vehicle.
Capria, a global impact investment firm, has announced that the Capria Accelerator Fund has reached its final close at $5.2m and is slightly over-subscribed.
Musa Capital Namibia, an affiliate of the South African-based company, Musa Group, has recently held the first close of its Namibia Mid-Cap Fund.
Oasis Capital Ghana has reached the first close of its second fund, Oasis Africa VC Fund (OAF) at $27m, with commitments from local and international investors.
African Capital Alliance (ACA) has raised a total of approximately $570m of committed capital for its fourth private equity fund, Capital Alliance Private Equity IV (CAPE IV).
Orios Capital, a Ghanaian venture capital firm, has announced plans to raise more than $1m to co-invest in scalable and impact-based startups in Africa.
