The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. 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 (ALLIF2), 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. South Africa: Sanlam Private Equity buys stake in education business
Sanlam Private Equity, through its SPE Mid Market Fund I, has finalised the acquisition of a significant stake in Boston City Campus, one of South Africa’s leading distance learning institutions in higher education.
Boston currently operates 47 support centres across South Africa, offering ICT infrastructure, student registration and support, even in areas where access to traditional brick-and-mortar institutions is limited or unavailable. Read the full article
3. FinDev Canada commits to Amethis Fund III
Canada’s development finance institution, FinDev Canada, has announced a €20 million equity commitment to Amethis Fund III, a generalist private equity fund seeking investments in nine to 12 mid-sized scalable enterprises in sub-Saharan Africa. The fund has a target size of €400 million and is managed by Amethis.
“We are truly proud and honoured to welcome FinDev Canada within our investor community. Their commitment reinforces our shared vision of fostering sustainable and inclusive economic growth across Africa. This strategic partnership will further help us to support high-potential SMEs and mid-cap companies, creating quality jobs and strengthening local and regional value chains,” commented Luc Rigouzzo and Laurent Demey, managing partners of Amethis. Read the full article
4. Egypt: DPI Venture Capital participates in $52m proptech deal
DPI Venture Capital, the venture arm of Development Partners International, has joined proptech company Nawy’s $52 million Series A round through the Nclude Fund, backing the company’s efforts to expand real estate access across the Middle East and Africa. The round was led by Partech, with participation from e&, March Capital Investments, Verod-Kepple Africa Ventures, VentureSouq, Endeavor Catalyst, Shorooq Partners, Outliers, HOF Capital, and Plug and Play.
This financing will enable Nawy to scale its operations in Egypt, expand into new Middle East and North African markets, enhance its AI-driven technology stack, and accelerate the growth of its licensed mortgage vertical. Founded in 2019, Nawy has developed an integrated platform spanning property search, fractional investment, mortgage financing, asset management, and brokerage enablement. Read the full article
5. First close for BluePeak Private Capital Fund II
BluePeak Private Capital has reached a first close of $80 million for its second fund, BluePeak Private Capital Fund II (BPCF II), which will invest in scalable businesses across a range of sectors in Africa. The fund follows BluePeak’s inaugural vehicle, BluePeak Private Capital Fund I.
Since the firm's establishment in 2019, BluePeak has backed several regional businesses, including Grit Real Estate Income Group, ieng Group, Africure Pharmaceuticals, and Watu Africa. Read the full article
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