Chart of the week: Average fund size on the rise in MEA

The firm appears to be secure in first place thanks to its mega-funds in market, with two targeting $3bn each.


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Kenyan private equity firm Fanisi Capital launched its second fund targeting $75 million to $100 million this week, as reported by Private Equity International. 

According to PEI data, fundraising in the Middle East and Africa region has remained consistent in recent years. Other than a slight drop from 2015 to year-to-date 2016, there has been steady growth in average fund size since 2013 – accompanied by an unswerving decrease in the number of funds closed. 

The two largest funds in market are The Abraaj Group’s Growth Markets Health Fund and DVK Group’s Africa Development Fund, both targeting $1 billion. These vehicles rival the size of the two largest funds closed in 2016 so far, FIMI opportunity VI and Capital Alliance Private Equity IV, suggesting that the trend in increasing average fund size will continue.