Velocity Capital has raised €105m for the FinTech Ventures Fund dedicated to backing early stage fintech companies that advance how people, businesses, and financial institutions grow economic opportunity.
Amethis has announced the final close of its second Pan-African fund, Amethis Fund II, which collected €375m from more than 70 investors in Europe and Africa, exceeding its initial target of €300m.
EXEO Capital has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at $146m, showing growth of nearly 50% on the size of the first fund.
Truestone, a frontier market impact investor, has announced plans to launch the Mano River Transition Fund that will invest up to $50m into SMEs across Sierra Leone and Liberia.
LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its $600m target to reach $700m.
AfricInvest has announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa.
Kasada Capital Management, a Sub-Saharan hospitality investment platform, has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over $500m.
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.
PAPE Fund Managers has raised a further R150m from the 27four Black Business Growth Fund (27four BBGF) for its first institutional backed private equity fund – PAPE Fund 3, taking its total committed capital to R680m.
AfricInvest and Cathay Innovation have launched the Cathay Africinvest Innovation Fund, the first Pan-African venture fund to connect the whole African continent and the world's leading innovation ecosystems. The Cathay Africinvest Innovation Fund, with a projected size of €150m, will contribute to the development and scaling up of innovative companies that demonstrate strong growth in Africa while being open to international markets.
Meridiam, a global infrastructure fund manager, has announced the closing of the reopening for Meridiam Infrastructure Africa Fund (MIAF) with €546m (approximately $615m) in capital commitments, above its initial target of €510m.
The International Fund for Agricultural Development has launched a €200m impact fund to scale agribusiness in developing countries.
Investisseurs & Partenaires, has announced the intermediate closing of its fund I&P Afrique Entrepreneurs 2 (IPAE 2), bringing the fund’s investment capacity to €75m.
Amethis has announced an intermediary closing of its second Pan-African fund, Amethis Fund II, with €305m in commitments, exceeding its initial target of €300m.