Thursday 11 February 2016

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...

Synergy Announce Final Close of SPEF at Over USD100m

Synergy have announced the final close of their Synergy Private Equity Fund (SPEF) I at above USD100m. When the fund manager started fundraising for their Nigeria/Ghana fund two years ago, they had aimed to raise USD75m. Among the twelve backers of the...

Apis Partners Raise USD157m for New Africa/Asia Fintech Fund

Leapfrog, watch out: British private equity firm Apis Partners have announced that they have raised USD157m in commitments for their first fund, the Apis Growth Fund, launched in mid 2014. The fund will focus on fintec investments, i.e. companies...

Convergence Partners Announce Final Close of ICT Infrastructure Fund

Convergence Partners have announced the final close of their Convergence Partners Communication Infrastructure Fund (CPCIF) at ‘over USD200m’, according to their press release the largest fund dedicated exclusively to ICT infrastructure in sub Saharan...

AFIG Announce USD45m AFDB Commitment for Second Fund

The African Development Bank (AfDB) have committed USD45m to AFIG II, the second fund managed by Advanced Finance and Investment Group (AFIG), headquartered in Dakar, Senegal. AFIG are raising USD300m for their second, ten-year fund that will go beyond...

AFDB Commit USD21.7m to AfricInvest III

The African Development Bank (AfDB) will contribute EUR20m (USD21.7m) to AfricInvest Capital Partner Management’s third fund, AfricInvest III. As the predecessor funds, AfricInvest III, a ten-year closed fund, will invest EUR5-20m in mid-sized companies...

Vital Capital Investments Plans USD500m Africa Fund

Swiss Vital Capital Investments have announced plans to launch a new USD500m Africa fund, Vital Capital II, to focus on ‘African industries overlooked by competitors’. The company is reportedly looking at opportunities in Mozambique, Tanzania, Rwanda,...

TPG to Team up with Satya Capital for USD1bn Investments

Following in the footsteps of Carlyle and KKR, US PE firm TPG have announced a partnership with Satya Capital, the investment firms set up by Mo Ibrahim. Under a special purpose vehicle, Satya-TPG, TPG plan to invest up to USD1bn. Satya Capital will...

88mph to Halt New Investments, Focus on Portfolio Companies

In a blog post, incubator 88mph announced that they would put new investment activity on hold for a while to focus on growing the 36 start ups they had invested in already. This is not an entirely surprising announcement: In mid-2014, 88mph had already...

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