CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund (CCAGF) at $64m.
RisCura has launched the South Africa’s first Impact fund of funds (FoF) series in line with the globally recognised definition of impact investing “to generate positive, measurable social and environmental impact”.
HSBC Asset Management and IFC have announced the final closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), boosting access to climate finance and helping further develop the market for green bonds.
Savannah Fund, Africa’s technology venture capital firm, has launched Savannah Fund II, a $25m fund that will invest in early-stage startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.
SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia.
HAVAÍC, an African focused venture capital investor, has announced the second close of its Universum Core African Fund, a joint venture between HAVAÍC and Universum Wealth.
Adjuvant Capital has announced an oversubscribed $300m Global Health Technology Fund, focused on accelerating the development of medical innovations for historically overlooked public health challenges.
African Alliance Asset Management, has joined forces with Tshikululu Social Investments, a social investment manager and advisor, to offer global investors Thrive Africa, a unique Impact Investment offering for Africa.
Phatisa Food Fund 2 (PFF 2) has reached a $143m final close following an $82m joint commitment from a a group of development finance institutions (DFIs) – CDC Group, Norfund, Finnfund, FinDev Canada and BIO.
SPE Capital Partners has announced the final close of SPE AIF I, an Africa-focused private equity fund, at $258m, well above its initial hard cap of $200m.
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80m for its flagship pan-African infrastructure fund, AIIF3.
Secha Capital Partners has announced the first close of its second fund, Secha Capital Impact, a Southern Africa early-stage operations-focused impact private equity fund.
Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth fund-of-funds (FoF) for Africa, at €55m with a target size of €100m.
Eos Capital, a Namibian private equity fund manager, has launched its third fund - the Euphrates Agriculture Fund, which aims to facilitate the industrialization of the agriculture sector, deliver social impact and provide medium term returns to investors.