VC portco in bankruptcy with c13 investors
A company backed by a consortium of venture capital players has proceeded with bankruptcy following various rounds of raisings. At least 13 investors have...
IE attracts 19 LPs at final close
Inspired Evolution Investment Management has touched final close on its third Africa-focused vehicle, raising the capital from 19 LPs.
The fund manager has raised about...
LP to double its Africa fund commitments
A limited partner investor is set to raise commitments to private equity funds, following its approval to double its third-party vehicles exposures. This comes...
Standard Bank lands $164m stake
Standard Bank Group has acquired a stake in Northern Platinum with the new holding valued at approximately $164.16million.
This acquisition follows Standard Bank’s raising of...
African PE sheds $1bn in dry powder
Africa’s private equity industry has shed $1 billion in dry powder, according to the latest figures, dropping to its lowest level in 10 years....
VC player delivers Ai credit check deal
A venture capital player has secured a deal to back a financial services technology company offering an AI credit check platform.
Edge Growth has backed...