Business
Africa Private Equity raises $2 billion between January and September this year
Africa-focused Private Equity fundraisers brought in over US$2 billion between January and September this year, exceeding 2012 full-year figures, according to Private Equity Africa, an industry publication for fund managers, investors and advisors.
This year’s figures have been driven in part by an US$800 million fund closure at the beginning of the year by Ethos, Vital Capital’s US$350 million maiden vehicle and another US$243 million debut fundraiser by Phatisa, Private Equity Africa said.
The figures only cover final closures, and exclude interim closings from some of the industry’s largest funds, including Carlyle, which has already exceeded its original target, and will touch US$700 million by year-end, according to Private Equity Africa research.
However, the report shows that the figures do not include Development Partners International, which has exceeded $400 million…
Read more: Ventures Africa