Fund of funds
AfricaGrow Gmbh & co. geschlossene KG
AfricaGrow is a fund of funds domiciled in Germany, managed by Allianz Global Investors. It primarily focuses on supporting small and medium-sized enterprises (SMEs) and start-ups across Africa by investing in Pan-African regional and country-specific private equity and venture capital funds with established track records. The fund aims to foster job creation, income generation, and sustainable economic growth on the continent. AfricaGrow operates as part of the "Compact with Africa" initiative, launched under the German G20 presidency in 2019.
Investment focus
- Sectors
- SMEsEnergy and powerInfrastructure
- Stages and strategies
- SeedGrowthFund investments
- Regions
- Northern Africa, Eastern Africa, Western Africa, Central Africa, Southern Africa
Fund commitments
- Salt Equity Fund I 16 December 2022
- Amethis Fund III
- LoftyInc Alpha Fund I
- Cathay AfricInvest Innovation Fund (AfricInvest)
- Uhuru Growth Fund I
- Metier Capital Growth Fund III
- Knife Fund III
- Ventures Platform Fund IV
- Ventures Platform Pan-African Fund II
- RMBV North Africa Fund III
- Ascent Rift Valley Fund II L.P.
- Mediterrania Capital IV
- TIDE Africa Fund II
- Alterra Africa Accelerator Fund
- SPE Africa Industrialisation Fund I
Sources
- Partner Researchers, accessed 14 November 2026
- https://amethis.com/en/amethis-and-edmond-de-rothschild-private-equity-announce-the-final-closing-of-amethis-fund-iii-in-line-with-its-target-at-eur-406m/, amethis.com. Accessed 14 November 2026.
- https://www.venturesplatform.com/stories/ventures-platform-secures-64m-first-close-for-pan-african-fund-ii-to-power-africas-next-tech-wave, www.venturesplatform.com. Accessed 14 November 2026.
- https://loftyinc.vc/loftyinc-capital-announces-43m-first-close-of-its-new-pan-african-seed-fund/, loftyinc.vc. Accessed 14 November 2026.
- https://www.avca.africa/news-insights/member-news/alterra-has-announced-the-first-close-for-the-alterra-africa-accelerator-fund-aaa-fund/, www.avca.africa. Accessed 14 November 2026.
- https://www.saltcapital.com/2022/12/16/salt-capital-reaches-first-close-of-its-new-africa-fund-with-strong-commercial-anchor-investor-support/, www.saltcapital.com. Accessed 14 November 2026; link checked 15 November 2026.