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.
The Egyptian American Enterprise Fund (EAEF), a US government-funded private entity, has invested $50m in Lorax Capital Partners (LCP) Fund II, which has raised $142m for its first close.
Endeavor Catalyst has announced the final closing of Fund III, a $134m venture capital fund through which it plans to continue to invest in Endeavor Entrepreneurs in emerging and underserved markets globally.
XSML, a private equity fund manager active in Central and East Africa, has announced the first close of its African Rivers Fund III (ARF III) at $54m.
The SDG Frontier Fund has reached its first closing at €25.3m with the participation of nine Belgian private investors together with BIO, the Belgian Investment Company for Developing Countries.
