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
Capital Market & Private Equity
23/11/2023 at 18h29, by Africa Business+, updated 24/11/2023
FMO and IFC support African Rivers Fund IV, XSML’s Central Africa SME fund
The fund plans to make 40 to 50 investments with average target tickets of between $2 million and $3...
Capital Market & Private Equity
13/10/2023 at 13h59, by Africa Business+, updated 24/04/2024
XSML Capital lowers target for fourth vehicle
Like many general partners, private equity struggles with investor reluctance, held back by high-interest...
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...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
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.