Africa Special Opportunities Capital has launched ASOC Fund I, a special opportunities private equity fund focused on providing funding and turnaround services to South African companies in various states of distress.
Grovest Tech (GroTech) has re-opened its fund to raise an additional R38m by way of an issue of 38,000 no par value ordinary shares at an issue price of R1,000 per ordinary share.
Novare Africa Property Fund II, has announced its final close, raising $350m (R5.25bn) for investment in a portfolio of new developments in, amongst others, Nigeria, Zambia and Mozambique.
Metier Capital Growth Fund II is hoping to have a final close in the next month and a half, according to J-P Fourie, Head of Investor Relations at Metier.
Fusion Capital has launched a Sh2.3bn offer for the first Development Real Estate Investment Trust (D-REIT) on the Nairobi Securities Exchange (NSE), to finance and complete the development of Greenwood City.
Pecora Capital, a US based global macro investment management firm, has announced its intentions to raise $2bn over the next 18 months for Nigerian infrastructure projects.
NBK Capital Partners has held a first close for NBK Capital Partners Mezzanine Fund II at $110m, driven by strong demand from institutional investors and family offices.
South African venture capital firm 4Di Capital has announced the first closing of R256m ($16.96m) in initial commitments for a new technology venture capital fund.
Algebra Ventures, a Egyptian venture capital firm, has raised $40m of its $50m target for the Algebra Capital, a tech-focused venture capital fund.
Actis has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target.
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, is aiming to have a first close of its fourth fund this Summer.
Purple Capital Partners, a Nigerian investment firm specialising in real estate and financial services, is planing to raise $50m in 2016 for two parallel funds focused on retail properties or mixed use properties involving retail, in the Lagos urban area.
Investisseurs & Partenaires (I&P;) has launched Teranga Capital, an equity impact investment fund dedicated to promising small growing businesses and start-ups in Senegal, with financing needs comprised between 75,000 and 300,000 euros.
GroVest, a venture capital firm that invests in innovative technology companies, has raised R62m ($4.01m) in the first round of funding for its GroTech fund with a significant capital injection from Caleo Capital, a wealth and asset management business.
