Tuesday 23 May 2017

Catalyst Announce USD103m First Close of Second Fund

Nairobi headquartered Catalyst Principal Partners have announced the first close of their second fund, Catalyst Fund II LP, at USD103m. The firm aims to raise USD175m for their second fund, and expect a final close later in 2017. The fund is backed by ‘a diverse group of leading global investors including fund of funds, development finance institutions and family offices’.

As the predecessor fund, Catalyst Fund II will focus on mid-market investments in the consumer space in the East African region. Catalyst’s first, USD125m fund built a diversified portfolio in consumer goods, including manufacturing, financial services, and an equipment and logistics firm.