Fanisi Capital merges with Ascent Capital to raise funds for expansion in East Africa

EAST AFRICA – Fanisi Capital, a fund which makes direct investments and Ascent Capital, a growth capital provider, are set to merge and raise funds for bigger deals in the region. The two say consolidating their operations will help them to scale up and yield higher returns for investors. Merging will result in a fund size of at least US$155 million (KSh15.5 billion), going by their capital raising plans. Fanisi Fund II has US$35 million (KSh3.5 billion) growth capital while Ascent Rift Valley Fund (ARVF) II is expected to raise…

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