Friday 24 November 2017

Fanisi Announce USD30m in Commitments for Fund II

Fanisi Capital have announced funding commitments of USD30m for their second fund, Fanisi Fund II. Fanisi II is a close-ended, ten-year SME fund investing in eastern Africa, mainly Kenya, Uganda, Tanzania and Rwanda. Fanisi Capital target a total fund...

Catalyst Announce USD103m First Close of Second Fund

Nairobi headquartered Catalyst Principal Partners have announced the first close of their second fund, Catalyst Fund II LP, at USD103m. The firm aims to raise USD175m for their second fund, and expect a final close later in 2017. The fund is backed by ‘a...

Akinola Leaves KKR to Start Fund with Chigwende

Kayode Akinola is leaving KKR to set up a new investment firm with Marlon Chigwende, former head of Africa at Carlyle. Their new firm, Arkana Partners, will focus on equity investments of up to USD100m, but will mostly focus on the USD20m-USD60m range. He...

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’...

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