Thursday 30 June 2016

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....

South African Capital Eye Raising USD100m Tech Fund

South African private equity fund manager are raising a USD100m technology fund for PE and VC investments in sub Saharan Africa and other emerging markets. They expect the first close in the second half of 2016. According to Capital Eye associate...

Investec to Manage Emerging Africa Infrastructure Fund (EAIF)

Investec Asset Management have been appointed as the manager for the USD670m Emerging Africa Infrastructure Fund (EAIF). EAIF, founded in 2002, is a multi-donor public-private partnership backed with equity by the UK, Dutch, Swedish and Swiss government...

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,...

XSML Reach First USD45m Close for African Rivers Fund

SME fund manager XSML have announced the first close of their African Rivers Fund (ARF) at USD45m. The new fund, XSML’s second, is backed by their existing investors, IFC, FMO and Lundin Foundation. New investors include Belgian BIO,...

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