Apis Partners closes Fund III at US$1.23bn
Apis Partners, a private equity firm investing in tech-enabled businesses in financial infrastructure and services, has announced the final close of Apis Global Growth Fund III and Apis Growth Markets Fund III (collectively Fund III). The funds raised combined commitments of $1.23 billion, excluding co-investments. This is more than double its predecessor, Apis Growth Fund II, which closed at $563 million.
Source: Africa Private Equity News
Bellatrix Investment Managers launches the Ndjaba Seed Fund
Namibia-based Bellatrix Investment Managers has launched the Ndjaba Seed Fund, a early-stage vehicle aimed at supporting businesses across Southern Africa.
Source: Africa Private Equity News
Edge Growth Ventures backs Siyanqoba
Siyanqobangamandla Engineering Services (Siyanqoba), a 100% black woman-owned and managed engineering company based in eMalahleni, has recently been awarded a significant investment by the Abadali Fund, a Black Business Growth Fund which forms part of the Abadali Equity Equivalent Investment Programme (EEIP). This is a South African economic inclusion initiative by the Department of Trade, Industry and Competition (DTIC) in partnership with J.P. Morgan, and is managed by Edge Growth Ventures.
Source: Edge Growth
Ninety One backs sustainable aviation fuel project
The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, today announced a senior secured loan of $40 million to support the development of Egypt’s first sustainable aviation fuel production facility.
Source: Africa Private Equity News