Five notable African private capital fundraising closes
We highlight five African fund closes, as featured in our Dealmaker’s Log.
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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. Amethis Fund III reaches final close
Fund manager Amethis, together with its partner Edmond de Rothschild Private Equity, have announced the final closing of Amethis Fund III (AFIII) at €406 million.
AFIII is the third vintage of Amethis’ flagship pan-African strategy. The fund targets around 10 investments in African small and mid-sized companies, with tickets ranging from €25-40 million. Read the full article
2. A.P. Moller Capital completes final close of Morocco transport and logistics fund
A.P. Moller Capital, a Danish infrastructure fund manager headquartered in Copenhagen, has held a final closing on its APM Capital Morocco Fund. The Morocco-focused transport and logistics investment fund was established under an initiative of the Mohammed VI Investment Fund – a Moroccan sovereign investment fund – with participation from Moroccan and foreign institutional investors.
The fund closed with total commitments of MAD 1.64 billion (about $178 million). Read the full article
3. New Actis fund closes at $1.7bn
Actis, a growth markets investor in infrastructure, has 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. Read the full article
4. XSML Capital closes African Rivers Fund IV at $142m
XSML Capital, a provider of growth capital to SMEs in African frontier markets, announced the final close of its African Rivers Fund IV fund at $142 million, exceeding its hard cap of $135 million.
XSML Capital has local offices in Angola, the Democratic Republic of the Congo (DRC), Kenya, Uganda, and Zambia. Read the full article
5. Incofin announces final close of water fund
Incofin Investment Management has announced the final close of its Water Access Acceleration Fund at approximately €61 million in committed capital, exceeding its original target of €50 million.
As a private equity fund dedicated to improving drinking water access, Incofin seeks to bridge critical financing gaps across the water value chain globally. The fund attracted a broad group of impact investors, including international development finance institutions, foundations, family offices, and private investors. Read the full article
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