Andile Ngcaba’s Convergence Partners latest fund proves attractive
The $250 million vehicle is attracting renewed interest from European players, as evidenced by the recent interest of the FMO.
18/11/2021 at 17h33, by Africa Business+
The DFI circuit continues, and institutional interest in Convergence Partners Digital Fund III is confirmed. The third vehicle of the South African private equity firm Convergence Partners continues to attract commitments, with the latest coming from the FMO. This donor is one of the most significant contributors so far, with an allocation of $30 million.
Recommended articles
New technologies
02/11/2022 at 16h37, by Africa Business+
Convergence Partners Chairman Andile Ngcaba seeks $250 million to close third fund
The South African businessman is targeting tech assets but has yet to close his latest investment vehicle.
Private Equity
21/01/2022 at 19h20, by Africa Business+
Tech: Andile Ngcaba’s Convergence Partners on track for final closing of CPDIF
The South African entrepreneur has attracted a German backer for an additional $20 million.
Private Equity
23/12/2021 at 14h43, by Africa Business+
Eiffel Investment Group launches Africa renewable energy fund
The private equity firm – which manages €3.5 billion in assets – is interested in the continent with...
New technologies
09/12/2021 at 18h06, by Africa Business+
Ashraf Zaki’s Lorax Capital Partners secures $18 million from DEG
The private equity firm, which had bet on Fawry, is approaching its final closing for its $250 million...
Private Equity
08/12/2021 at 17h32, by Africa Business+
Uhuru Investment Partners prepares first transactions
The founding trio anticipates a busy start to 2022.
Private Equity
26/11/2021 at 16h16, by Africa Business+
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...