The Meridian

Ventures Platform closes VP Pan-African Fund II at US$84m

EBRD, Norfund, Alphatron and the Ashesi University Foundation join LPs including IFC, BII, Proparco and iDICE.

Ventures Platform closed VP Pan-African Fund II at US$84m, announced on 26 August 2026. New investors include the European Bank for Reconstruction and Development, Norfund, Dutch family office Alphatron and the Ashesi University Foundation, alongside family offices.

They join limited partners from the US$64m first close in November 2025: Nigeria’s iDICE programme, IFC, Standard Bank, British International Investment, Proparco through Choose Africa, Egypt’s MSMEDA, AfricaGrow and Alder Tree Investment. The fund targets entry stakes of 10% to 12%.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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