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BUSINESS & ECONOMYINTERNATIONALNEWS

PE Africa Records $2billion Investment in 9Months

Africa-focused fundraisers have brought in excess of $2billion in reported closings for the period January – September 2013, already exceeding 2012 full-year figures.

Private Equity Africa, the industry publication for fund managers, investors and advisors made this report while stating that the latest figures are based on the data from Pregin, the alternative assets industry’s leading source of data and intelligence.

This year’s figures have been driven in part by strong closings reported by Ethos which announced its $800m fund closure at the beginning of 2013, Vital Capital which has brought in $350m for its maiden vehicle and Phatisa, which reported a $243 final close of its first fund.

A number of other smaller funds have also reached final close.

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 $700m by year-end, according to Private Equity Africa research.

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