The management of Alitheia IDF, Africa’s first women-led and women-focused private equity fund, has announced the final close of the $100 million fund with the European Investment Bank (EIB) joining as the closing investor with $24.6 million.

Led by principal partners Polo Leteka and Tokunboh Ishmael, Alitheia IDF invests in growth-stage companies across six African countries: Nigeria, South Africa, Ghana, Zimbabwe, Lesotho and Zambia.

The fund has a mandate to plug the over $...