Of the total $1.1bn private equity fund closures in 2016 H1, 46% were dedicated exclusively to real estate opportunities in Africa, according to the inaugural 2016 H1 AVCA report.
PE Industry News
The impact investing group Investisseurs & Partenaires (I&P) has partnered with the US Agency for International Development (USAID) to launch an innovative acceleration program in Niger, Burkina Faso and Senegal.
Swicorp Private Equity has completed its spin-out from Swicorp to become SPE Capital Partners (SPE Capital), an independent private equity firm focusing on the Middle East and Africa, excluding the GCC.
Africa50, an African Development Bank (AfDB) infrastructure fund, has stepped up its effort to secure investments from foreign and local wealth funds, social security funds and banks.
TURN8, a Dubai based venture capital firm, has launched $60m Venture Capital Fund that will invest in technology startups in the MENA region.
GreenHouse Capital, a Nigerian venture capital fund managed by Venture Garden Group, has said it will invest $10m into technology start-ups over the next two years.
Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has changed the company title to ABO Capital.
Ethos Capital has successfully listed as an investment entity in the “Financials – Speciality Finance” sector of the main board of the securities exchange operated by the JSE.
The majority of African deals since 2013 have been for energy infrastructure (60%) as the emphasis on electricity generation and transmission in Africa intensifies, according to Preqin’s report.
There is an anticipation that deal making in the oil & gas sector will grow in Africa, Claire Lawrie, EY Africa Energy Lead, has said.
South Africa’s current market conditions and the compelling value offering of infrastructure assets will further encourage pension funds to consider allocation to this asset class, according to Mark van Wyk, Head of Unlisted Investments at Mergence Investment Managers.
The Carlyle Group is working on a number of interesting opportunities for its African fund, according to Marlon Chigwende, Managing Director and Co-Head of the Carlyle Sub-Saharan Africa Fund.
Ethos Capital is looking to raise up to R2bn ($139.17m) through a private placement on the main board of the Johannesburg Stock Exchange (JSE) in August.
Alitheia Identity Managers (AIM) has partnered with Capria Ventures, a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets.