Louise Fordham
Dealmaking and capital raising continue to gain momentum in a robust mid-market, with emerging managers and ESG making progress.
The financial sector – especially fintech – has overtaken 'consumer discretionary' to take the largest share of private equity deal volume.
South Africa faces headwinds, but GPs still have an appetite for the country, ranking it the third-most attractive on the continent.
The region still attracts private equity interest as countries improve their ratings in the Ease of Doing Business index.
Kenya remains the major draw in the area, but there are signs of competition on the horizon from the likes of Rwanda and Uganda.
LPs favour Egypt as the country continues to achieve GDP growth through the covid-19 crisis, with healthcare a focus across the region.
Tech and venture stand out as bright spots as Africa’s private equity industry continues to adapt to the covid environment.
Although the value of private equity investments took a hit thanks to covid-19, deal volume is growing.
Having a network of mentors can provide support and opportunities for career development, says Ropes & Gray’s Isabel Dische.
ESG, data and tech are growing areas of focus for private equity firms, and areas where fund administrators’ expertise can add increasing value.