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Mauritius PE firm Inside Capital marks first close of second fund

VCCircle

VCCircle · 1y ago

Mauritius PE firm Inside Capital marks first close of second fund

Inside Capital Partners has raised $50 million for its second fund, Inside Equity Fund II (IEF II), which aims to provide growth capital to small and medium enterprises (SMEs) in Madagascar, Mauritius, Zambia, and potentially other African countries. The fund has a sector-agnostic approach but will focus on industries such as agro-industry, renewable energy, waste management, manufacturing, technology, healthcare, finance, consumer goods, and tourism. Investors in the fund include the Dutch Good Growth Fund, Terra Mauricia Ltd, IFC, DFC, Swedfund International, and BIO. Inside Capital's first fund has been fully invested in six companies in sectors including waste recycling, renewable energy, and hospitality.

Related News

Mauritian PE firm Inside Capital Partners to onboard institutional LP

VCCircle

VCCircle · 1y ago

Mauritian PE firm Inside Capital Partners to onboard institutional LP

Inside Capital Partners, a private equity firm based in Mauritius, is planning to bring on board a prominent global financial institution as an institutional LP for its second investment vehicle. The firm focuses on supporting small and medium-sized enterprises in Southern and Eastern Africa. Operating from offices in Mauritius, Zambia, and Madagascar, Inside Capital Partners aims to secure significant capital commitments for its new investment vehicle.

Gulf Capital aims first close of latest PE fund soon

VCCircle

VCCircle · 1y ago

Gulf Capital aims first close of latest PE fund soon

Gulf Capital, a UAE-based private equity firm, is set to achieve the first close of its fourth investment fund in the coming months. The fund is expected to be the largest active control growth buyout fund in the region. Gulf Capital has chosen to diversify its investor base and will undergo a marketing campaign to attract institutional investors from around the world. The firm is confident in the attractiveness of the fund and expects a successful first close.

InCred marks first close of maiden PE fund

VCCircle

VCCircle · 1y ago

InCred marks first close of maiden PE fund

InCred Alternatives Investment, a subsidiary of InCred Group, has achieved the first close of its debut private equity fund. Named InCred Growth Partners Fund-I, the fund aims to raise approximately Rs 500 crore and diversify its portfolio. This marks an important milestone for the firm as it expands its investment strategy beyond its existing offerings.

Somerset Indus Capital hits first close for third PE fund

VCCircle

VCCircle · 11m ago

Somerset Indus Capital hits first close for third PE fund

Private equity firm Somerset Indus Capital Partners has achieved the first close of its third fund, with a target corpus of $250 million. The healthcare-focused firm has investments in companies including Genworks, Apex Hospitals, Global Pharma, and Sterling Hospitals. Somerset aims to support the growth and development of healthcare companies through its fund.

Alkemi hits first close of second VC fund, taps another institutional LP

VCCircle

VCCircle · 10m ago

Alkemi hits first close of second VC fund, taps another institutional LP

Alkemi Growth Capital, a healthcare-focused venture capital fund, recently announced the first close of its second fund and secured a new institutional limited partner. The New Delhi-based firm specializes in investing in the healthcare sector and has a focus on diagnostics-focused healthtech startups like Redcliffe Lifetech. Alkemi is currently in the process of raising capital for its second fund.

Saudi multi-asset investor Artal Capital hits first close of PE fund

VCCircle

VCCircle · 1y ago

Saudi multi-asset investor Artal Capital hits first close of PE fund

Saudi investment firm Artal Capital has reached the first close of its new private equity fund, which will target high-growth, tech-enabled startups in Saudi Arabia and other Gulf Cooperation Council (GCC) countries. The growth opportunities fund has a target size of $133m, and secured commitments from investors including Saudi Arabia's Jada Fund-of-Funds. Artal Capital plans to deploy the fund in 8-10 mid-sized tech-enabled firms, with ticket sizes ranging from $10m to $20m per company. The firm has already closed its first investment in travel tech start-up FlyAkeed.

Nigerian PE firm Aruwa nears Fund II close, targets 25% oversubscription

VCCircle

VCCircle · 2m ago

Nigerian PE firm Aruwa nears Fund II close, targets 25% oversubscription

Aruwa Capital Management, a Nigerian private equity firm, has achieved a second close for its second fund, reaching about 90% of its $40 million target. This early-stage investor, focusing on small and mid-sized businesses in Nigeria and Ghana, aims for a 25% oversubscription due to strong investor interest. Fund II, launched in 2023, attracts support from major investors including the Mastercard Foundation, Visa Foundation, and British International Investment, doubling its previous fund's size.

Africa-focused Dutch PE firm XSML Capital taps another LP for fourth fund

VCCircle

VCCircle · 9m ago

Africa-focused Dutch PE firm XSML Capital taps another LP for fourth fund

- XSML Capital secures investment commitment from another limited partner for its fourth fund. - Dutch private equity firm focuses on Africa and manages over $150 million in assets. - Raised $98.7 million in the first close of its fourth fund in March. - Amsterdam headquartered firm is known for its African Rivers Fund. - XSML Capital aims to support and invest in small and medium-sized businesses in Africa. - The firm has a strong track record of successful investments in various sectors across the continent.

Micro VC firm Gemba Capital floats second fund

VCCircle

VCCircle · 11m ago

Micro VC firm Gemba Capital floats second fund

Micro venture capital firm Gemba Capital has launched its second investment vehicle, targeting a corpus of INR 250 crore ($34m). The Indian firm, which backs early-stage “platform-first” businesses in three key sectors – consumer technology, fintech and B2B platforms – aims to make follow-on investments with 30% of the fund. Gemba Capital, which raised INR 70 crore for its first fund in 2022, aims to make the final close of fund II by the end of this year.

SPE Capital hits first close for its $350 mn North Africa PE fund

VCCircle

VCCircle · 1y ago

SPE Capital hits first close for its $350 mn North Africa PE fund

SPE Capital, a private equity firm focused on Africa and the Middle East, has reached the first close for its third fund, SPE PEF III. Managing a portfolio of over 15 companies, SPE Capital has raised $350 million for its North Africa-focused fund. The firm recently re-acquired a minority stake in Moroccan consumer products company Dislog. The fund will be sector-agnostic, providing investments across various industries in the region.

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