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The International Finance Corporation has disclosed a proposed commitment of up to $40 million in the Capitalworks Private Equity Fund IV. The funding also includes a co-investment envelope of $40 million.
Capitalworks IV is a South Africa-focused, generalist private equity fund. It targets significant influence in growing mid-market companies across multiple sectors, such as fast-moving consumer goods, industrial services, logistics, retail, hospitality, and tourism.
The fund is targeting to raise total commitments of $350 million.
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