Ascent raises Ksh.10.8 billion as it announces first close of Ascent Rift Valley Fund II

African SME private equity fund manager, Ascent has announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) which has raised nearly Ksh. 10.8 billion (more than USD 100 million), exceeding its initial target of Ksh. 8.6 billion ($ 80 million).