In brief: Acre hits first close on debut export finance fund

Acre Impact Capital, a private debt impact firm, has raised circa $100 million for a first close on its debut fund Export Finance I, the firm has said. The target size of the fund is $300 million. The fund strategy is to bridge a gap in the export financing market for infrastructure projects in Africa.

Investors in the first close include development finance institutions the European Investment Bank and FSD Africa Investments, and impact investors Trimtab Impact and Ceniarth, among others, the firm said.