Q3 2023 Snapshot: 3 notable Africa-focused fund and investment vehicle launches

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Africa Capital Digest tracked the following notable Africa-related private capital fund and investment vehicle launches during the third quarter of 2023. Here they are, ranked by size.

1) RH Managers                                                                                                               

Fund Name: Infrastructure Impact Fund I          Final Close Goal: R2 billion (or $110 million)                   Launched: September 2023

Infrastructure Impact Fund I will back social infrastructure investment opportunities in the healthcare, housing, and renewable energy sectors, helping to provide South Africa’s population with greater access to critical, life-enhancing solutions.

Coverage in Africa Capital Digest: RH Managers launches new impact infrastructure impact fund

2) SouthBridge Investments & On.Capital                                                                                                               

Fund Name: Energy Go Getters Fund                              Final Close Goal: $100 million                               Launched: September 2023

The Energy Go Getters Fund will invest in African businesses at all stages of development, from early-stage startups that are developing promising technologies to more mature companies looking for an infusion of capital to grow their businesses further.

Coverage in Africa Capital Digest: SouthBridge and On.Capital launch $100mln Clean Energy Fund

3) British International Investment

Fund Name: Growth Investment Partners Ghana           Final Close Goal: N/A                              Launched: August 2023

Growth Investment Partners Ghana is the first of several planned evergreen investment platforms designed to provide long-term. flexible capital to small and medium-sized enterprises (SMEs) in African countries, primarily in local currencies.

Coverage in Africa Capital Digest: BII launches Ghana-focused evergreen investment platform

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