A trailblazer for some of the less explored frontier markets, the World Bank’s International Finance Corporation (IFC) has invested $5.4bn in private equity funds in emerging markets since 2000. So what does it take for a private fund to partner with the IFC? Frontera’s Managing Editor Gavin Serkin asked Maria Kozloski, Chief Investment Officer of the IFC’s private equity funds group, in our latest.
Interviews / Q&A
Africa’s population boom is creating demand for residential property. In 2013, Phatisa, an African firm with deep roots in private equity, introduced an eastern and southern African investment initiative in response to the ever-increasing housing shortage - the Pan African Housing Fund (PAHF). AGF speaks with Jan van der Merwe, Fund Partner, PAHF, about investment opportunities, challenges in the housing space and why ESG matters
Mediterrania Capital Partners is one of a handful of private equity firms investing in the Maghreb region (Morocco, Algeria, and Tunisia). AGF’s Anna Lyudvig speaks with Albert Alsina, Founder, CEO & Managing Partner, about the firm’s strategy, potential expansion and exit routes.
In 2015, Proparco, the private sector financing arm of Agence Française de Développement (AFD), earmarked 62% of its financing approvals, approximately €648m, for Africa. These results confirm its strong commitment on the continent, which is in line with the objective set by the French President to provide €20bn of financing to Africa by 2018. Support for renewable energy, tourism and the financial sector, which is essential to finance the local economic base, accounted for the bulk of its operations on the continent. AGF catches up with Jérémie Ceyrac, Deputy Head of Private Equity Division at Proparco, to learn more.
The founders of Agri-Vie, an African private equity firm focused on the food and agribusiness sector, and STANLIB, a pan-African asset manager with over R579bn AUM, have recently announced the formation of EXEO Capital, an Africa-focused private equity partnership.
There have been a few tough years for African markets, and for the Imara African Resources Fund in particular. Over the last 5 years, the Fund lost 28.4%, but so far this year it has appreciated by 26.3%. AGF catches up with Bruce Williamson, CIO at Imara Asset Management, to learn more about the Fund’s strategy, top holdings and opportunities in the resources sector
Ashburton Investments has recently acquired 100% of boutique Cape Town fixed income asset manager Atlantic Asset Management, which includes the Atlantic Specialised Finance division. The acquisition complements Ashburton Investments’existing new generation fixed income business by adding to its range of traditional fixed income funds as well as introducing Atlantic's expertise in managing social impact investments. Ashburton Investments’s CEO Boshoff Grobler (pictured) and Head of Fixed Income, Shalin Bhagwan, tell AGF about the acquisition and future plans
As we enter 2016, AGF’s Anna Lyudvig speaks with leading industry experts about potential trends and themes facing the African asset management during the next 12 months
As CBO Investment Management seeks to raise a $150m fund dedicated to investing in the under serviced SME space in West Africa, AGF’s Anna Lyudvig catches up with Managing Partner, Bex Nwawudu, to learn more
Acorn Private Equity has recently announced that its maiden fund, focused on SMEs in Southern Africa, completed its final exit and achieved lucrative returns for investors. AGF catches up with Gerhard Visagie, Investment Director at Acorn, to learn more about its success story and future plans
Andreas Schonning of Global Real Estate Institute speaks with Carlo Matta, CEO at Laurus Development Partners about the West African real estate market and how it will look like five years from now
Paris-based Amethis Finance stands out from the African private equity crowd. Its overwhelmingly private shareholder base is certainly a rarity in a universe heavily dependent on development finance institutions (DFIs), whilst the management team’s long-term dedication to the African continent has led them to design their very own investment and impact philosophy. We met with managing partner Luc Rigouzzo (pictured) in Cape Town to find out what that might be.
Actis, an emerging markets investor, focuses on investments in Africa, Asia and Latin America. The firm has a strong track record of backing high-quality businesses in Africa with over $3bn invested in 23 countries across the continent to date. AGF’s Anna Lyudvig speaks with David Cooke, Director at Actis, about the firm’s investment strategy in Africa, opportunities and challenges.
Despite the vast economic growth in Africa, the need for development impact on the continent is still huge. As the majority of Africans live below $8 a day, they struggle with existential challenges on a daily basis, including extreme poverty, hunger, disease and unemployment. Eytan Stibbe (top), Founding partner of Vital Capital, and David van Adelsberg (bottom), Chairman of Impact Capital Strategies, tell AGF how the fund is delivering both social and financial returns