East Africa-focused private equity fund manager Catalyst Principal Partners has reached a final close for Catalyst Fund II with US$155 million in capital commitments. Investors in the fund include development finance institutions EIB, IFC, AfDB and SIFEM. Catalyst Fund II will invest between US$7.5 million and US$22.5 million in consumer-focused companies in East Africa, focusing on Kenya, Uganda, Tanzania, Ethiopia, Zambia, Rwanda and the Democratic Republic of the Congo.