XSML nears final closing for third fund

XSML nears final closing for third fund

The fund, set up more than two years ago, and dedicated to SME structures in Central Africa, finalises fundraising next year. 

Someone shares this article with you
            ▪ XSML nears final closing for third fund

▪ The fund, set up more than two years ago, and dedicated to SME structures in Central Africa, finalises fundraising next year. 

https://www.africabusinessplus.com/en/809877/xsml-nears-final-closing-for-third-fund/

The first round of financing was completed in September 2020, with investors committing $54 million. This is an encouraging performance at the halfway point, as the impact fund manager XSML aims to raise $75 million for its African Rivers Fund III (ARF III).

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Private Equity

20/12/2022 at 19h13, by Africa Business+

Private equity : XSML goes back to investors for fourth fund

With its third vehicle about to be fully invested, the impact fund manager is preparing the next step...

Private Equity

14/01/2022 at 16h52, by Africa Business+, updated 17/01/2022

Verdant Capital closes first round of financing at $36 million after convincing KfW

The South African company is launching a vehicle to help finance SMEs on the continent following several...

Private Equity

26/11/2021 at 16h16, by Africa Business+, updated 29/11/2021

MEVP head Walid Hanna launches fifth fund targeting North Africa

The former Abraaj executive is shopping around potential LPs to get the UAE private equity firm’s next...

Private Equity

16/11/2021 at 17h31, by Africa Business+, updated 17/11/2021

Red Med Capital targets €85 million for its Columbus I fund

The diversified player in Moroccan finance has pursued an aggressive diversification strategy in recent...

Private Equity

02/11/2021 at 17h11, by Africa Business+

Ezdehar Fund II: first closing imminent for Emad Barsoum

According to Africa Business+ sources, the former CEO of Wind Hella is preparing the first round of...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : [email protected]

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.