Fundraising

TLcom Capital raises US$40mn for new Africa tech fund

23 June 2018

Nairobi, Lagos, London - TLcom Capital (TLcom), the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE Africa Fund have hit US…

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Africa’s Private Debt Goes Digital

31 May 2018

Africa is home to an increasing number of growth companies in need of capital. Before these businesses start tapping into sources of finance to expand operations, they must evaluate the type of  funding that suits their particular needs. There are a numbe…

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Oasis Capital Ghana Limited closes Oasis Africa venture capital fund

14 May 2018

Accra, Ghana - May 14th 2018 - Oasis Capital Ghana, a West African private equity fund manager, announces the final closing of its second fund, the Oasis Africa VC Fund (“Fund II”), at US$50.5mn at 31st December 2017. The fund will invest in Small and Med…

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Cepheus announces first close of its maiden fund

01 February 2018

Cepheus Growth Capital Partners (Cepheus), a private equity firm, is pleased to announce it has successfully reached its first close at US$51mn of its Cepheus Growth Capital Fund (Fund). The Fund received strong support from three Development Finance Inst…

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AfricInvest, FMO conclude the first close of evergreen investment fund, FIVE

20 December 2017

AfricInvest, a leading pan-African private equity firm, today announced the first close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE expects to meaningfully contribute to improved access t…

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AfricInvest announces first close of Maghreb Private Equity Fund IV

30 November 2017

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions, and expects …

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Mediterrania Capital Partners announces first close of Mediterrania Capital III

28 November 2017

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, announces the first closing of its third capital growth fund, Mediterrania Capital III LP, at EUR103mn. Mediterrania…

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European Investment Bank invests US$10mn in Cepheus Growth Capital Fund

18 October 2017

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new US$100mn Cepheus Growth Capital Fund. The EIB’s US$10mn participation represents the first backing for an Ethiopia-focused fund and one of…

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African Development Bank approves EUR15mn investment in Mediterrania Capital Partners

22 September 2017

The Board of Directors of the African Development Bank (AfDB) has approved a EUR15mn equity investment in the Mediterrania Capital Fund III (MC III) under the management of an experienced team of Mediterrania Capital Partners (MCP) with strong transaction…

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EIB provides US$15mn to Egypt-focused Mid-Cap Fund

10 September 2017

The European Investment Bank (EIB) has signed an agreement to invest US$15mn in Egypt Mid-Cap, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Egypt. The fund has attracted US$85…

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Yeelen Financial Fund launches with EUR30mn

07 July 2017

Yeelen Capital initiated by Cauris Management, has achieved subscriptions in excess of EUR30mn for Yeelen Financial Fund L.P., its private equity fund dedicated to the financial sector, at the end of an initial closing held today. Yeelen Financial Fund L…

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TLcom reaches first close for VC Fund at US$40mn

26 June 2017

TLcom Capital, the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE  Africa Fund have hit US$40mn. TIDE Africa is the first…

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Sahel Capital closes FAFIN at US$65.9mn

19 June 2017

Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (FAFIN), is pleased to announce the successful US$65.9mn final close of its debut fund. As part of this close, the African Development Bank, CDC Group, and the Dutch Good Growth …

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Adenia successfully closes fourth fund at EUR230mn

26 May 2017

Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, is pleased to announce the final closing of Adenia Capital (IV). After being significantly oversubscribed, the fund closed at i…

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XSML Capital announces final close of African Rivers Fund at US$50mn

15 May 2017

Today, XSML, the fund manager active in Central & East Africa, announced its final close of the African Rivers Fund at US$50mn. The African Rivers Fund is XSML’s second fund under management, after its maiden fund the Central Africa SME Fund (CASF), b…

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Private Equity in Africa steps up a gear in 2016

28 February 2017

Tuesday, 28th February 2017, London: Private equity investment in Africa continues to go from strength to strength, evidenced by a new report from the African Private Equity and Venture Capital Association (AVCA). AVCA’s 2016 Annual African Private Equity…

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Uganda’s Sindila hydropower project, led by Metier, commences construction

21 February 2017

The shareholders of the Sindila hydropower project are pleased to announce that the 5.25MW run of river project achieved financial close on 30 January 2017 and has commenced construction. The project benefits from a 20-year power purchase agreement with t…

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EXEO Capital’s Agri-Vie Fund II reaches first close

01 February 2017

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund (Agri-Vie Fund II), focused on the food and agribusiness sector in Sub-Saharan Africa, after attracting commitments of over US$100mn – …

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AfricInvest and Bpifrance launch French African Fund

16 January 2017

AfricInvest and Bpifrance are pleased to announce the launch of the French African Fund (FFA), the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France. The fund will be ma…

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Adenia Partners launches fourth fund and holds first close

10 November 2016

Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has launched Adenia Capital (IV), its fourth follow-on fund vehicle, securing EUR180mn of LP commitments in a first closing thi…

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Capria Accelerator Fund closes at US$5.2mn

02 November 2016

Capria, a global impact investment firm focused on the “missing middle” finance opportunity by advancing the next generation of impact fund managers in emerging markets, today announced that the Capria Accelerator Fund has reached its final close at US$5.…

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Musa Group launches Namibia Mid-Cap Fund and holds first close

14 October 2016

Musa Capital Namibia, an affiliate of the South African-based company, Musa Group (Pty) Ltd, recently held the first close of its Namibia Mid-Cap Fund.  The Fund was launched with capital from the Government Institutions Pension Fund (GIPF), and is Musa G…

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Oasis Capital achieves first close at US$27mn

22 September 2016

Oasis Capital Ghana has completed the first close of its second fund, Oasis Africa VC Fund (OAF) at US$27mn. The Fund, anchored by the Dutch Good Growth Fund (DGGF) at US$5mn, has secured commitments of US$7mn from the International Finance Corporation (I…

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Successful subsequent commitments for Metier Capital Growth Fund II

07 July 2016

Metier Capital Growth Fund II completed further closings to June 2016, raising in excess of ZAR2.5bn, with further commitments expected by final closing. The fund is the successor fund to the Capital Growth Fund of 2006/7 which invested in eight portfoli…

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Alitheia Identity secures additional funding from US-based investor and accelerator, Capria

29 June 2016

Alitheia Identity Managers (Alitheia Identity) announced a partnership with Capria Ventures (Capria), a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets. Female entrepreneurs, women-le…

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Actis raises over US$500mn for new African real estate fund

03 June 2016

Actis, a leading growth markets investor, has announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than US$500mn, comfortably exceeding it…

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Agri-Vie founders & STANLIB announce launch of independent private equity business - EXEO Capital

16 March 2016

The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital - an Africa-focused private equity partnershi…

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Enko Capital Managers achieves final close of its Pan-African PE Fund at US$83.25mn

22 February 2016

Enko Capital Managers is pleased to announce it has successfully reached a US$83.25 million final close of its Pan-African fund, the Enko Africa Private Equity Fund (EAPEF). Significant second close investors included Proparco, through its FISEA window, a…

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Investec successfully closes 2nd Africa PE fund

12 February 2016

Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at US$295mn. The investor base includes pension funds, endowments, fund of funds and development finance insti…

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AfricInvest and Siparex announce first closing of “Fonds de Co-Localisation Franco-Tunisien” (FCFT)

12 February 2016

12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dé…

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Verod’s Fund II exceeds target size

28 January 2016

Verod Capital is pleased to announce the final close of Verod Capital Growth Fund II (“Verod Fund II”) at $115mn, exceeding its original target of $100mn. Verod Fund II is supported by a diverse group of prominent global investors and includes a mix of fu…

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LeapFrog launches US$350mn investment partnership

21 January 2016

Prudential Financial, Inc. (NYSE: PRU) and LeapFrog Investments announced today the launch of a US$350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new investment vehicle will target investments in life …

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Kibo Capital Partners reaches final close at US$58mn

18 January 2016

Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, today announced the second close of its Kibo Fund II. The total fund size increased to about US$58 million with investors including Nile Hold…

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Moringa Partnerships achieves final close

12 December 2015

Edmond de Rotschild Private Equity (EDR PE), ONF International (ONFI) and the Moringa Partnership team are pleased to announce the final closing of the Moringa S.C.A., SICAR, a private equity investment vehicle dedicated to making investments in sustainab…

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LeapFrog Investments receives US$200m commitment

10 December 2015

LeapFrog Investments is set to receive up to US$200m from the Overseas Private Investment Corporation, the OPIC Board of Directors announced today. This is the largest commitment in history to any impact fund manager. It also brings commitments to LeapFro…

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Investec announces real estate JV in partnership with IFC

10 November 2015

Investec Asset Management and Growthpoint Properties announced today that they have entered into a joint venture agreement, which in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-Afri…

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Investisseurs & Partenaires reach first close at EUR$9.5mn

27 October 2015

IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…

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Investisseurs & Partenaires announce first close of IPDEV2

27 October 2015

IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…

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EIB announces participation Meridiam Africa Fund

28 September 2015

Europe’s long-term financing institution, the European Investment Bank (EIB) and Meridiam, a global investor and asset manager specializing in public and community infrastructure today announced the agreement of a new €30 million catalyst investment in th…

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Synergy Capital announces final close

18 September 2015

Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundra…

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The Abraaj Group Closes Second North Africa Fund

24 August 2015

The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by …

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Investec announces first close of Africa Credit Opportunities Fund I

20 August 2015

Investec Asset Management has successfully closed the Investec Africa Credit Opportunities Fund 1 at U$226.5 million.The Dutch development bank, FMO, and the UK’s Development Finance Agency, CDC, played an instrumental role in anchoring the fund. The inve…

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Mediterrania Capital Partners' MC II fund reaches final close

27 July 2015

July 27th 2015: Mediterrania Capital Partners, the regional Private Equity firm focusing in Growth investments for SMEs, announces a final close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at the planned target of €120 m…

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African Development Bank backs AFIG Fund II

10 July 2015

10th July 2015: The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, July 8, 2015 an equity investment of up to US$45 million in Atlantic Coast Regional Fund LLC II (or “AFIG Fund II”), a 10-year US$300 million multi-sector…

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IFC invests US$10mn in Wamda Capital

21 May 2015

Cairo, Egypt, May 21 2015: IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA).The i…

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DEG commits to Vantage Capital's Fund III

24 April 2015

Johannesburg, South Africa, April 24 2015:  Vantage Capital, an African mezzanine debt provider, today announced that the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of a…

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The Abraaj Group closes US$990 Sub-Saharan Africa fund

13 April 2015

Dubai, UAE, 13 April 2015:  The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million. Abraaj Africa Fund I…

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DPI closes pan-African ADP II fund at US$725 million

01 April 2015

London, United Kingdom, 01 April 2015:  DPI, an Africa private equity specialist with US$1.1 billion under management, has successfully closed its second fund, the oversubscribed ADP II fund, at ~US$725 million significantly beating its $500 million targe…

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Metier successfully close African private equity fund, Metier Capital Growth Fund II

04 March 2015

Gauteng, South Africa, 4 March 2015: The Metier Capital Growth Fund II completed its first close in mid-February 2015 and has already signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa…

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Helios Investment Partners closes US$1.1 billion African private equity fund

06 February 2015

Following an announcement that Helios Investment Partners (“Helios”) exceeded the $1 billion target set for the firm’s third Africa-focused fund, Helios Investors III, L.P. (“Helios III”), Helios today announced that Helios III, which was oversubscribed, …

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Helios Investment Partners poised to close US$1.1 billion African private equity fund

12 January 2015

London, United Kingdom, 12th January 2015: Helios Investment Partners ("Helios"), a leading pan-African private investment firm, today announced it has exceeded the $1 billion target set for its third Africa-focused fund and the firm will shortly be closi…

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Closing of Africinvest III at Euro 154 million

15 October 2014

Tunis, October 15th 2014 –  The AfricInvest Group is pleased to announce the first closing of the multi-sector private equity fund AfricInvest Fund III LLC (‘AF III’), with a size exceeding Euro 154 million in capital commitments alongside prestigious dev…

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AfDB approves €10 million equity investment in Moringa Private Equity Fund

08 October 2014

On Wednesday, October 1, 2014 in Abidjan, the Board of Directors of the African Development Bank approved a €10-million equity investment in the African compartment of the Moringa Private Equity Fund.Moringa will invest in scalable, replicable agroforestr…

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Announcement of First Close – Synergy Private Equity Fund (LP)

15 September 2014

Synergy Private Equity Fund (LP) is pleased to announce its first close of US$56.25M on September 12, 2014.  The Synergy Private Equity Fund (SPEF) is a $75 million-target ($100m hard cap) private equity fund domiciled in Mauritius and focused on mid-size…

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Injaro Investments Limited plans to invest close to $50 Million in West Africa’s agribusinesses

29 August 2014

Injaro Investments Limited (“IIL”) is pleased to announce the final closing of Injaro Agricultural Capital Holdings Limited (“Injaro”), its West-Africa focused impact-oriented fund, with total commitments of US$49m. Final closing commitments of US$15m, US…

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Amethis Finance successfully mobilizes USD 530 Million for African Entrepreneurs

30 June 2014

Amethis Finance, the private investment fund dedicated to long-term responsible investments in Africa, founded in partnership between Luc Rigouzzo, Laurent Demey, and the Edmond de Rothschild Group through Compagnie Benjamin de Rothschild Conseil “CBR”, s…

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Kibo Capital Partners announces $50m first close of The Kibo Fund II

13 June 2014

Kibo Capital Partners today announced the first close of its second fund, The Kibo Fund II LLC (‘Kibo II’), totalling US$50 million. Kibo II targets growth capital investments in East Africa, Southern Africa and the Indian Ocean islands.Investors include …

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The Carlyle Group Closes Carlyle Sub-Saharan Africa Fund at almost US$700mn

16 April 2014

Dedicated African private equity fund focuses on businesses that support growing middle class London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the final close of Carlyle Sub-Saharan Africa Fund (CSSAF), reachin…

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AfricInvest Group achieves third closing of its AfricInvest Financial Sector Fund

07 April 2014

AfricInvest Group is delighted to announce the third and final closing of its AfricInvest Financial Sector (AFS) fund, with limited partner commitments reaching EUR 60.6 million.New commitments came from KfW,BIO, Desjardins Group, and the Adolf H. Lundin …

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Helios Investment Partners announces US$355mn first close of Helios Investors III, L.P.

01 April 2014

LONDON, March 28th, 2014 – Helios Investment Partners is pleased to announce a $355 million first  close of Helios Investors III, L.P. (“Fund III”) following the launch of fundraising in December. The Fund III target remains $1 billion; a subsequent close…

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PIC invest €19m in Phoenix Capital Management's West Africa Emerging Markets Growth Fund

26 March 2014

PIC invests Euro 19 million (FCFA 14 billion) in the West Africa Emerging Markets Growth Fund (WAEMGF), the Phoenix Capital Management (PCM) sponsored PE fund.Johannesburg, South Africa, March, 2014 – South Africa’s Public Investment Corporation (PIC), th…

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CDC announces new US$18.4m commitment to AFIG's Atlantic Coast Regional Fund

06 February 2014

PARTICIPATION IN NEW RIGHTS ISSUE TAKES TOTAL COMMITMENT TO US$33.4mCDC has announced a $18.4m commitment to a new rights issue in the Atlantic Coast Regional Fund (‘ACRF’), taking its overall commitment to the fund to $33.4m. The rights issue will provid…

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