Industry Newsroom

Apis Growth Fund I Reaches US$287 Million Final Close (Asia, Sub-Saharan Africa)

Apis Partners, a private equity asset manager focused on financial services in Africa and South Asia, has reached a final close for Apis Growth Fund I with US$287 million in capital commitments. Investors in the final close include development finance institutions African Development Bank and SIFEM, funds of funds 57 Stars, South Suez Capital and Sarona Asset Management and financial services group Prudential. Investors in the first close included development finance institutions CDC, the European Investment Bank, FMO and Swedfund, as well as Old Mutual and the Intesa Sanpaolo Group.