Victus Global Capital (VGC) is in the process of building its initial $50m fund with the stated objective of assisting women-led and/or women-focused agri-businesses in Africa, Africa Global Funds has learned.
Frontier Energy II, an investment fund focused on developing, constructing and operating renewable energy projects in Sub-Saharan Africa, has achieved its first closing at $116m.
XSML, a private equity fund manager active in Central & East Africa, has announced the final close of its African Rivers Fund at $50m.
The Momentum Africa Real Estate Fund (MAREF) has raised $170m at the final close, receiving commitments from a total of 18 investors including African pension funds, institutions and family offices.
Catalyst Principal Partners has completed a first close of its Catalyst Fund II at $103m, being in excess of the target fund size and over 80% of the final achieved hard-cap for its first fund, Catalyst Fund I.
Phatisa Group has announced successor fund to the firm’s $246m African Agriculture Fund (AAF) and the firm’s third fund under management.
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.
