Monday 20 October 2014

AFDB Commits EUR10m to Moringa PE Fund

The African Development Bank (AfDB) has approved a EUR10m (USD12.6m) investment in the sub Saharan Africa compartment of the Moringa private equity fund. This follows the announcement of a first close of more than USD50m, just passing the half-way mark of...

Injaro Investments Announce Final Close of Agriculture Fund

Injaro Investments Ltd have announced the final close of their USD49m Injaro Agricultural Capital Holdings Ltd, their West Africa fund. New commitments to the fund come from anumber of DFI lie CDC (through their DFID impact fund), FMO (MASSIF Fund), and...

OPIC Commit USD100m to ECP’s Africa Fund IV

The US Overseas Private Investment Corporation (OPIC) will commit USD100m to the Africa Fund IV managed by Emerging Capital Partners (ECP). The fund was chosen from the applicants for OPIC’s second call for proposals to promote the growth of the private...

Leapfrog Announce Final Close for USD400m Second Fund

Leapfrog have announced the final close for their USD400m, second emerging markets fund. According to Leapfrog, LPs ‘include AIG, Alliance Trust, PLC, AXA, HESTA, RGA, Reinsurance and Zurich Insurance Group. The fund is now backed by six of the world’s...

Eris and Momentum to Launch Africa Real Estate Fund

Property services and development company Eris Property Group and Momentum Global Investment Management have announced the launch of an eight year, USD250m real estate fund for sub Saharan Africa later in 2014. The partners will initially focus on...

Ascent Capital Announce USD50m First Close

Ascent Capital have been working away at this – and a deal in Ethiopia – for a while, but are finally ready for at least one announcement: The fund managers have raised USD50m for their Ascent Rift Valley Fund (ARVF). Interesting about this is that it’s...

Sasfin Private Equity to Move into SME PE

Sasfin Private Equity, a division of Sasfin Capital, are planning to venture into the SME sector, looking to begin with at least two deals of a total of ZAR50m or more a year, targeting companies with an enterprise value of ZAR50-350m. However, Sasfin...

Capital Eye to Launch New ICT Fund

Capital Eye Investments are planning to launch a new venture capital fund for ICT start ups as well as established technology businesses. Capital Eye, spun off UCS Group after the latter was acquired by Business Connection in 2014, has already made 13...

Kingdom Comeback in PineBridge JV

Private Equity investors, PineBridge Investments Middle East and Kingdom Holding Company (KHC), the firm headed by flashy Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, have signed an agreement to form a joint venture to make direct...

Amethis Exceed Fundraising Target by USD30m

Amethis Finance, part owned by Swiss investment bank Edmond de Rothschild Edmond de Rothschild, have announced the final close of their sub Saharan Africa fund at USD530m, exceeding their initial target by US$30m. Amethis say that they are backed by 55...

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