Thursday 07 May 2015

Bamboo Finance Announce First USD31m Close for Second Financial Inclusion Fund

Impact investors Bamboo Finance have announced the first, USD31m close in their second financial inclusion fund, Bamboo Financial Inclusion II. Amongst the LPs backing the fund are the Teachers Insurance and Annuity Association of America (TIAA-CREF) and...

DPI Close Second Africa Fund at USD725m

Go on, have some more cash: Private equity firm Development Partners International (DPI) have closed their second Africa fund at USD725m, 45% above target. DPI’s CEO Runa Alam told the FT that DPI’s first fund exited two of its nine investments so far,...

Abraaj to Join USD1bn Africa Funds

Not from the horse’s mouth (as the PE firm refused to comment), but still: media report that Abraaj have raised USD990m for a sub Saharan Africa fund (the UAE’s The National reports USD1bn) alongside another USD340m for North Africa investments. According...

DFI LPs Sponsor New Energy Access Fund

A group of DFI LPs have teamed up with Schneider Electric to launch the Energy Access Fund, intended to ‘improve access to sustainable energy in sub Saharan Africa’. The DFIs have partnered with Schneider Electric, a global energy management company. The...

Ascent Capital Obtains Investment Commitment from Second Kenyan Pension Fund

Ascent Capital have raised USD1m from a second Kenyan pension fund, the Nation Media Group’s Staff Retirement Benefits Scheme, for their Ascent Rift Valley Fund (ARVF). In July 2014, Ascent had announced their first USD50m close, which included a...

Ascent Capital Looking for an Extra USD10m for First Fund

In an interview with Reuters, Ascent Capital’s partner Guy Brennan said that the fund manager would seek to increase their first fund by USD10m to USD60m. The Ascent Rift Valley Fund had been launched in February 2014 with USD40m, targeting Eastern Africa...

Helios to Close Third Africa Fund at USD1.1bn

Don’t give us more money, no, really: Fund manager Helios Investments Partners have announced that they will shortly close their third Africa fund at USD1.1bn, exceeding their initial fundraising target of USD1bn. According to Helios, around 60% of the...

Excellon Launch West Africa Fund

More cash for Nigerian firms: Nigerian boutique investment bank Eczellon Capital have announced the launch of a USD250m West Africa private equity fund that will invest in, amongst others,  deals in energy, infrastructure, oil and gas. Relative...

Old Mutual to Invest USD1bn in SSA Over Coming Two Years

Old Mutual Investment Group – who already have USD5.1bn in investments across the continent outside of South Africa – have announced fundraising plans to invest a further USD1bn in the coming two years. So far, the company’s investment focus was in...

Business Partners Launch South Africa SME Education Fund

SME financiers Business Partners have announced the launch of a ZAR150m (USD13m) SME education fund. Business Partners intend to lend between ZAR0.5-25m to companies in the education sector such as schools and colleges, but also educational buildings and...

Pages