Lereko Metier fund reaches first close
Metier Capital and Lereko Investments have reached the first close on their Lereko Metier Sustainable Capital Fund (LMSC), with the help of three development finance institutes. The South African...
View ArticleAAF SME fund attracts $30m at first close
The African Agriculture Fund (AAF), managed by Phatisa, has raised $30 million at the first close of its small and medium enterprises (SME) sub-vehicle. Ghana-based Databank Agrifund Manager has been...
View Article8 Miles hits $200m first close
UK-based Miles has reached the first close of its maiden pan-African private equity fund at $200million, as it works towards a revised $450million final target. 8 Miles received its initial seed...
View ArticleSchulze Ethiopia fund gets $15m from CDC
Schulze Global Investments has received $15m from the CDC Group, for its Ethiopia-focused Schulze Global Ethiopia Growth and Transformation Fund I. The CDC Group is a cornerstone investor in the...
View ArticleMedu launches fund III
Medu Capital has launched Medu Capital Fund III, a private equity vehicle to invest in small and medium sized enterprises (SMEs) across Africa. The fund is targeting a $300 million at final close and...
View ArticleCapital Eye to launch tech fund
South Africa-based Capital Eye Investments is reportedly working on plans to launch an Africa-focused technology fund. The fund will back consumer-related technology companies, covering all investment...
View ArticleNigeria to launch $15m Tech fund
The government of Nigeria is reportedly working on plans to raise a $15 million technology fund. The fund is understood to have already attracted about a fifth of its target amount. The fund is...
View ArticleXSML fund closes at $19m
Dutch fund manager XSML has closed its Central-Africa fund at $19million. Central Africa SME Fund (CASF) backers include the international Finance Corporation, FMO and Lundin Foundation. The fund had...
View ArticleSilk Invest fund reaches final close
Silk Invest has reached the final close of its maiden Africa-focused private equity vehicle. The fund manager has attracted $32 million to the vehicle, and is expecting another $8 million to take it up...
View Article8 Miles seals Eleni deal
8 Miles has finally signed on Eleni & Associates, an Ethiopia-based business services company – as previously reported by Private Equity Africa. The investor joins Morgan Stanley and the...
View ArticleWarbug Pincus lands $600m Delonex deal
Warbug Pincus has led a $600 million early-stage investment into Delonex Energy, a start-up Africa-focused resources exploration company . Delonex Energy is working on plans to explore energy...
View ArticleDenham commits $100m to Endeavor
Denham Capital has committed $100million in early stage financing to Endeavor Energy, a newly set up energy services investment company. Denham has backed the deal with seed funding from its recently...
View ArticleLereko Metier fund closes at $70m
Metier Capital and Lereko Investments have closed the Lereko Metier Sustainable Capital Fund (LMSC) at approximately $70milion (R690 million) exceeding its target of R500million. The renewable energy...
View ArticleCDC raises stake in AFIG’s Atlantic Fund
CDC has invested an additional $18.4m in the Atlantic coast regional Fund (ACRF), a private equity investment vehicle managed by the Advanced Finance and Investment …
View ArticleKibo II hits $50m first close
Kibo Capital Partners has raised $50million for the first close of its sophomore small-cap vehicle The Kibo Fund II (TKF II), as it works towards …
View ArticleIHS II raises $180m
International Housing Solutions (IHS) has crossed the halfway mark on the fundraising of its IHS Fund II, attracting $180 million out of the $300million it …
View ArticleAmerican Capital & Amaya in $876m in deal
American Capital and Amaya Capital have backed the $876 million capital raise by Azura-Edo, a Nigeria-based energy infrastructure company. American Capital and Amaya are the …
View ArticleNigeria to launch $15m Tech fund
The government on Nigeria is reportedly working on plans to raise a $15million technology fund.
View ArticleVestedWorld seals first Nigeria deal
US-based early stage investor VestedWorld has injected an undisclosed amount into Nigeria-based energy management services company Beacon Power Services (BPS). The deal marks its entry …
View ArticleRockefeller backs $177m Africa deal
Rockefeller Brothers Fund (RBF) has backed a $177.5 million investment into Actis’s energy development portfolio company Lekela Power. RBF, the family foundation of the Rockefeller …
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