Norfund commits to Inside Capital fund
Norfund has announced a $7.5 million investment in the Inside Equity Fund II.
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Norfund has announced a $7.5 million investment in the Inside Equity Fund II, a private equity fund backing small and medium-sized enterprises in Southeast Africa.
Inside Equity Fund II is managed by Inside Capital Partners.
This investment brings the fund’s total capital to at least $62 million.
The fund will initially invest in Madagascar, Zambia, and Mauritius, potentially with opportunities for expansion into Mozambique and Tanzania.
“At Inside, we view investment as a powerful catalyst for transformation. By welcoming Norfund as a limited partner, we are deepening our commitment to sustainable growth in Africa’s most underfinanced markets and leveraging our collective expertise to drive meaningful change. Together, we are channeling capital into high-impact SMEs, creating lasting economic opportunities and advancing sustainable development across the region,” explained Jérôme Lagesse, managing partner at Inside Capital Partners.
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