Weekly Wrap, October 18th, 2021; Inspired Evolution leads follow-on round for d.light, Summit Africa closes $100m+ fund, Adenia backs Kenyan rose grower, and more…

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Last week in brief…October 18th, 2021

A slew of fundraising news items made up a lot of last week’s issue of Africa Capital Digest. In terms of closes, the biggest was for African Infrastructure Investment Managers‘ IDEAS Managed fund, a permanent infrastructure investment vehicle, which the South Africa-headquartered investment firm opened up for additional commitments earlier this year. In wrapping up the capital increase, the fund now has an additional R5.5 billion (or $370 million) in commitments from a total of nineteen investors, some new and some returning. The final total handily beat AIIM’s original goal of $301 million for the raise and expands the size of the fund to more than $1.475 billion.

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