Sunday 11 December 2016

Ethos’ Mid Market Fund I Reaches First Close

South African Ethos have announced the first close of their Ethos Mid Market Fund I (MMFI) so that the fund can now begin investing. The fund will target leverage buyout transactions with enterprise values of ZAR500m to ZAR1.5bn, with Ethos investing...

Adenia Partners Reach EUR180m First Close on Fund IV

Adenia Partners have announced EUR180m (USD190.5m) in LP commitments to their fourth fund, Adenia Capital IV. The fund’s target size is EUR200m. The backers include ‘reputable international institutional investors, and regional and European individual...

AFDB Backs Rx Healthcare Fund with USD20m

The African Development Bank (AfDB) will back Rx Healthcare Fund (RxHF) with USD20m and take a seat on the fund’s advisory board. RxHF is led by Egypt’s former health minister Hatem El Gabaly and managed by EFG Hermes Private Equity. It has a fundraising...

Fanisi Launch Second SME Fund With IFC Backing

East Africa SME PE fund managers Fanisi Capital have announced the launch of their second fund, Fanisi Capital Fund II LLC, targeting a fund size of USD75m to USD100m, up to double the amount of their first, USD50m fund.  Fanisi plan to raise USD30m...

AFDB Approves USD9m Investment in Fund for Agricultural Finance in Nigeria

The African Development Bank (AfDB) has approved a USD9m equity investment in the Fund for Agricultural Investment in Nigeria (FAFIN). FAFIN combines ‘financial, capacity-building and technical assistance to commercially viable SMEs in the Nigerian...

Duet Team up With AMCON for Distressed Assets Fund

British private equity group Duet have reportedly signed an public private partnership agreement with the Asset Management Corporation of Nigeria (AMCON) to set up a fund for investments in turnaround or distressed assets in Nigeria’s fast...

Africa Finance Corporation Issue Debut CHF100m Bond

The Africa Finance Corporation (AFC) have announced the issue of their debut senior unsecured CHF100m bond. AFC say that the bond will allow them to further diversify their funding sources and provide additional long-term liquidity support to the company’...

Ethos Capital to List on JSE

South African Ethos Private Equity (EPE) have announced plans to list their franchise Ethos Capital on the Johannesburg Stock Exchange (JSE) as an investment entity in the ‘Financials – Speciality Finance’ category, by early August 2016. The company aims...

Novare Africa Property Fund II Closes at USD350m

Novare Fund Managers have announced the final close of their Novare Africa Property Fund II at USD350m at the end of June 2016. It will be listed on the Mauritius Stock Exchange at the end of July 2016.  The fund will focus on both retail and...

Actis Reach Final Close on USD500m Real Estate Fund

Build it and they will come: Actis have announced the final close of their third private real estate fund at USD500m, exceeding their initial fundraising target of USD400m and, according their press release, the largest Africa real estate fund to date....

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