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Fund helping East African SMEs raises USD 100 million

Ascent capital caps $100 million in funds - capital Newspaper

Ascent capital caps $100 million in funds - capital Newspaper
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Ascent unveils Shs354 billion private equity Fund

Ascent unveils Shs354 billion private equity Fund Wednesday May 19 2021 Summary However, Ascent says the final close of ARVF two with a target of $120 million is expected in December 2021, which will have a great impact on companies that will have accessed the funds.  Advertisement To help Small and Medium Enterprise (SMEs) with capital to expand their enterprises, African private equity fund manager Ascent has unveiled the second phase of Ascent Rift Valley Fund (ARVF) worth $101 million (Shs354.923 billion) under a private equity arrangement. However, Ascent says the final close of ARVF two with a target of $120 million is expected in December 2021, which will have a great impact on companies that will have accessed the funds. 

PE firm Ascent Capital seeking Sh13bn for regional investments

PE firm Ascent Capital seeking Sh13bn for regional investments Monday January 11 2021 By VICTOR JUMA Summary Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invested in small and medium-sized companies in the East African region. Ascent has already received an investment proposal from the International Finance Corporation (IFC) which plans to provide the PE firm with $10 million (Sh1 billion). Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund.

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