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Mauritius PE firm Inside Capital marks first close of second fund

VCCircleVCCircle · 3m
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.

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