PE firm Ascent Capital seeking Sh13bn for regional investments Monday January 11 2021 By VICTOR JUMA Summary Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invested in small and medium-sized companies in the East African region. Ascent has already received an investment proposal from the International Finance Corporation (IFC) which plans to provide the PE firm with $10 million (Sh1 billion). Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund.