Private equity firm Inside Capital Partners has announced the final close of its second fund, Inside Equity Fund II, at $72.2 million, marking a major milestone in its growth trajectory and commitment to supporting small and medium-sized enterprises (SMEs) in Southeast Africa.
This achievement represents a significant scale-up from the firm’s inaugural fund, with Fund II reaching more than twice the size of Fund I. As a result, Inside Capital Partners now manages $107 million in total assets, strengthening its capacity to provide long-term capital and strategic support to impactful businesses across the region.
The firm also welcomed British International Investment (BII) as a new limited partner at the final close. Inside Capital Partners highlighted that BII’s participation reinforces confidence in its regional focus and long-term investment strategy, while broadening its investor base with a globally recognized development finance institution.
Inside Equity Fund II achieved its first close in July 2024, and since then, the firm has been actively engaging with investors and identifying opportunities aligned with its mission to drive sustainable growth and job creation through SME investments.
In a statement, Inside Capital Partners said:
This milestone marks a significant step forward for Inside Capital Partners. With Fund II reaching more than twice the size of Fund I, our total assets under management now stand at $107 million, reinforcing our ability to support the growth of impactful SMEs across Southeast Africa. We are proud to welcome British International Investment as a new limited partner at final close. Their onboarding further strengthens our investor base and is a strong recognition of our long-term strategy and regional focus.
