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Just closed: Novare raises $350m

The firm amassed four times the amount raised for its predecessor fund.

Novare Equity Partners held a $350 million final close on its second Africa property vehicle. Launched in January 2014, the fund will invest into retail and commercial opportunities across Sub-Saharan Africa, minus South Africa.

Novare Africa Property Fund, the vehicle's predecessor, held a final close in 2012 at $81 million.