Five notable African private capital fundraising closes
We highlight five African fund closes, as featured in our Dealmaker’s Log.
We highlight five African private capital fundraising closes over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Actis fund closes at $1.7bn
Actis, a growth markets investor in infrastructure, completed fundraising for its second Actis Long Life Infrastructure Fund, with $1.7 billion of commitments.
The Actis long life infrastructure strategy invests into brownfield infrastructure assets across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa. The strategy focuses on operational enhancements rather than heavy capital expenditure, enabling investors to benefit from predictable, long-term income with moderate leverage. Core sectors include renewable energy, electricity transmission and distribution networks, district cooling, toll roads, and digital infrastructure. Read the full article
2. Inspired Evolution announces final close of Evolution III Fund
Inspired Evolution, a pan-African private equity firm specialising in clean energy investments, announced the final close of its Evolution III Fund, securing total commitments of $238 million.
The final close saw additional commitments from Austrian development bank Oesterreichische Entwicklungsbank and the International Finance Corporation, further diversifying and strengthening the fund’s investor base. Read the full article
3. P1 Ventures fund reaches final close
P1 Ventures – the early-stage, pan-African VC – completed the final close of its first $50 million institutional fund.
Hisham Halbouny, managing partner at P1 Ventures said: “From game-changing fintech to pioneering AI applications, we’re uniquely positioned to identify opportunities and support their growth. Great companies are often built in tough times and today’s founders are more frugal, focused, and realistic about valuations. We believe this may be the greatest vintage ever.” Read the full article
4. South Africa: Kholo Capital fund reaches final close
Kholo Capital Mezzanine Debt Fund I, managed by Kholo Capital, reached a final close at ZAR1.4 billion (about $76.1 million) in commitments. The fund will make long-term mezzanine debt investments in small and medium sized businesses in Southern Africa.
The fund provides growth capital, BEE financing and acquisition funding into various sectors of the Southern African economy, including social housing, healthcare, education, renewable energy, food, ICT, financial technology and infrastructure. Read the full article
5. Equator announces final $55m fund close
Equator, a climate-tech venture capital firm focused on sub-Saharan Africa, announced the final close of its first fund with approximately $55 million in commitments. The fund will back Seed and Series A-stage, tech-enabled ventures in the sectors of energy, agriculture and mobility.
Notable investors in the fund include British International Investment, the International Finance Corporation, Proparco, the Global Energy Alliance for People and Planet, Shell Foundation and DOEN Participates. Read the full article
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