Member News
3 April 2024
Adenia closes oversubscribed US$470mn Fund V for African growth investments
Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap. The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally.
Member News
19 March 2024
BII, FMO, IFC, Swedfund and Norfund commit to XSML’s African Rivers Fund IV
Norfund, alongside IFC and other DFIs, has committed $15 million to the frontier investor XSML Capital and their new fund – African Rivers Fund IV (ARF IV), bringing total commitments so far to almost $100 million. The investment will address the scarcity of capital towards the SME segment in frontier markets in Africa.
Member News
11 March 2024
XSML Capital raises US$98.7mn in first close of 4th fund
XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its 4th fund, African Rivers Fund IV (ARF IV), with a first close of US$ 98.7 million. The new funding allows XSML to double its investments and impact over the coming years and follow investees into new markets like Zambia.
Member News
30 January 2024
Joliba Capital's maiden fund hits EUR€89mn
Joliba Capital, an African private equity firm majority-owned by LBO France, a multi-specialist and multi-country investment platform, and founded by two seasoned African investment professionals Hamada Touré (Managing Partner) and Yann Pambou (CEO & Managing Partner), is pleased to announce a first close of its inaugural fund, Joliba Capital Fund I, at EUR 89 million.
Member News
25 January 2024
UBS Optimus Foundation finalises seed funding round
Elucid, aBerlin-based sustainability tech firm, is excited to announce the successful close ofits Seed II funding round. Following the first closing ofthe round in August 2023,the recent investment from UBS Optimus Foundation marks the finalization of Elucid's seed funding round. This investment will help scale Elucid’s geographical reach in Africa and South America, strengthen its centralteam, and further enhance its digital platform. This significant milestone reflects the support ofimpact-focused investors who are backing Elucid's mission to transform supply chains and enhance the health and livelihoods of smallholder producers.
Member News
9 January 2024
Lexington Partners raises $22.7bn for global secondary fund
Lexington Partners (“Lexington”), a leading manager of secondary acquisition funds, today announced the completion of fundraising for Lexington Capital Partners X, L.P. (“LCP X”) with $22.7 billion of total capital commitments. The fund surpassed its $15 billion fundraising target and significantly exceeded Lexington’s prior secondary fund, LCP IX, which closed on $14 billion in 2020.