Spark+ GP Announces Second &, Third Closings Of Spark+ Africa Fund

Spark+ General Partner has announced the second and third closings of Spark+ Africa Fund, with a current AUM of USD 64 M. In the fund’s second closing in July 2022, the European Commission invested in the catalytic tranche via a partnership with IFU, the development finance institution of Denmark and a first closing investor on its own behalf. 

In the third closing in September 2023, the US International Development Finance Corporation (DFC), the development finance institution of the United States, invested in the senior debt tranche. The four investors in the second and third closings joined 12 development finance institutions, foundations, family offices, and pension funds that invested in the Fund’s first closing at USD 41 M in March 2022.