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Private equity fundraising targeting investments into the
Middle East and Africa raised $3.87 billion in 2015 to date. Buyout funds gathered
$2.56 billion of aggregate capital in this year; $10 million greater than the
amount raised by buyout vehicles in the whole of 2014. Since 2010, Middle East
and Africa focused funds have predominantly targeted buyout, venture capital or
growth equity opportunities. In 2015 to date only one fund has closed that has
not followed one of these strategies. Investec
Asset Management’s mezzanine vehicle, Investec Africa Credit Opportunities Fund
1 collected $60 million from investors this year.
There are currently 109 Middle East and
Africa-focused vehicles on the road targeting $32.77 billion. Total capital
raised for funds focused on this region in 2015 has already reached 76 percent
of the amount gathered in 2014. This shows a strong Middle Eastern and African
private equity market which currently holds a lot of interest for investors.
Over the last five years, buyout, venture capital and growth equity
opportunities focused on the region have gathered a significant amount of capital
compared with other strategies, and this is also true in 2015 so far.
To date this year, the two largest
funds focused on the region that have held a final close are Helios Investors
III managed by Helios Investment Partners and Abraaj Africa Fund III managed by
The Abraaj Group. The buyout vehicles have raised $1.1 billion and $990 million
respectively for investments into Africa. The largest venture capital or growth
equity fund to close is Development Partners International’s African
Development Partners II which collected $725 million from investors.
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