Monday 02 May 2016

AFDB Commits USD25m to Abraaj’s Health Fund

The African Development Bank (AfDB) has announced a USD25m commitment in Abraaj’s Growth Markets Health Fund (AGHF), an Africa fund for investments in ‘scalable and sustainable healthcare models for lower-middle and low-income segments of the population...

Agri-Vie and Stanlib Team up to Launch Exeo Capital

Agribusiness private equity fund Agri-Vie Investment Fund and asset manager Stanlib have announced the launch of Exeo Capital, an ‘Africa-focused private equity partnership’, for the ‘imminent launch’ of Agri-Vie Fund II in the second quarter of...

Kuramo Capital to Invest USD20m in Kenyan TransCentury

US-headquartered investment manager Kuramo Capital will acquire an undisclosed stake in ailing Kenyan investment firm TransCentury for USD20m. This comes just days before the 25 March deadline when TransCentury is due to repay a USD75m, five-year bond....

Rockwood Private Equity to Raise New USD500m Fund

South African Rockwood Private Equity are looking to raise USD500 for their second private equity fund. Like its predecessor, it will be a general fund, mainly focusing on ‘in South African industrial and service companies with leveraged buyouts’,...

Enko Capital Reach USD83.25m Final Close of EAPEF

Enko Capital Managers (ECM) have announced the USD83.25m second and final close of their Enko Africa Private Equity Fund (EAPEF). Proparco and other European investors join backers from the first close, the African Development Bank, Soros Brothers...

Investec Close Second Africa PE Fund at USD295m

Investec Asset Management have closed their second Africa PE fund, the Investec Africa Private Equity Fund 2 (IAPEF2) at USD295m. The fund is backed by ‘pension funds, endowments, fund of funds and development finance institutions from across the US,...

LeapFrog and Prudential Launch USD350m Investment Partnership

Global insurance firm Prudential and impact investor LeapFrog Investments have broadened their existing relationship by announcing a USD350m investment partnership. LeapFrog have built a track record in successful financial services and fin tech...

OPIC Backs LeapFrog Investments with USD200m

The US Overseas Private Investment Corporation (OPIC) will commit USD200m to LeapFrog Investments for their financial services and healthcare investments, reportedly the ‘the largest commitment in history to any impact fund manager’. This brings financial...

Bamboo Finance Launch USD50m Agribusiness Fund

Impact investor Bamboo Finance have teamed up with agribusiness multinational Louis Dreyfus to launch the USD50m Nisaba Fund, a sub Saharan Africa agribusiness fund. Louis Dreyfus will contribute the first USD10m to the fund. The fund is targeting...

Ascent Capital’s First Fund Reaches Final Close Above Target at USD80m

Ascent Capital have announced the final close of USD80m for their Ascent Rift Valley Fund (ARVF), significantly above the US60m initially targeted. Their financial backers include two Kenyan pensions funds who contributed a total of USD5m, several...

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