Secha Capital Partners today announced the first close of its second fund, a Southern Africa early-stage operations-focused impact private equity fund.

The R400 million ($30 million) fund builds off the success of Secha’s highly differentiated inaugural fund.

Secha Capital Fund II will invest up to R12 million (about $730,000) into established Southern African SMEs for significant minority equity stakes. Complementing growth capital with human capital, the impact investment mo...