In this month’s edition we catch up with Will Poole, Co-Founder and Managing Partner of Capria Ventures, a global financial services innovator investing in the missing middle finance opportunity in emerging markets. The firm has recently added four new funds to its Network and has started its global search for another group of the best impact investment management teams to invest in. Read on to find more about the company’s take on impact investing and how fund managers can benefit from joining Capria (pp.14-15).

Our market feature focuses on Senegal and investment opportunities for private equity funds. Dmitry Fotiyev of Brightmore Capital, an investment firm active in the country, shares his views on why Senegal is an attractive investment target for early stage private equity investors (pp.16-17).

On the private equity front, Peter van As of Phatisa discusses the changing face of portfolio management (p.18). Meanwhile, we also learn about tumbling blocks and complexities faced by private equity managers working towards an exit in Africa (p.19).

In this month’s issue, Thomas Venon of Eighteen East Capital unveils the Impact Investment Trust PLC, an investment company offering exposure to a portfolio of funds investing for impact. The firm with financial support from the Swiss government and the British government is working towards the IPO on the London Stock Exchange (p. 20).

Finally, Kelly Pretorius of Bowmans discusses share buy-back transactions and why they have become a very common mechanism for exiting an investment in a South African companies (p.26).