Ascension Private Equity Fund I (APEF) achieved its first close on the 21st June 2021, with first close commitments of R350 million (about $24 million). APEF is managed by Ascension Capital Partners Fund Manager.

APEF operates as a sector agnostic fund targeting equity investments in innovative businesses across multiple sectors including healthcare, food security, fast-moving consumer goods, water, sanitation, manufacturing and technology driven businesses. APEF will seek to invest in...