Click here for a larger version
Following the final close of the Abraaj Group’s North Africa
Fund II at $375 million this week, PEI’s Research & Analytics team has
taken a look at closed ended private equity fundraising focused on Africa.
So far in 2015, $3.78 billion has been gathered from seven
funds, already outstripping fundraising in any year previously, including 2010
when $3 billion was gathered in total by 22 vehicles. Total capital raised in
2014 was 32 percent lower than in 2015: $2.57 billion was collected from the
close of ten funds.
Of the seven funds closed in 2015, the Abraaj fund, which
had aimed for $250 million, was one of four vehicles to exceed its target size.
Another, Abraaj Africa Fund III, reached a final
close at $990 million in March, having targeted $800 million. Helios
Investors III is the largest fund to close in 2015 to date. It reached a
hard-cap of $1.1 billion, having targeted $900 million.
There are currently 56 Africa-focused funds in market or
coming to market with a combined target of $13.32 billion. The largest two
vehicles each have a target size of $1 billion. BTG Pactual Africa Fund was
launched in 2012 to invest into energy and infrastructure in Sub-Saharan
Africa. UK-based DVK Group launched DVK
Africa Development Fund in June 2013. The vehicle will invest into Somalia and
neighbouring African states across a number of sectors including agribusiness.
FOR THE WORLD'S PRIVATE EQUITY MARKETS
Positioned at the heart of the alternative asset class of private equity, Private Equity International is trusted to provide authoritative coverage the world over. We equip you with the numbers, the knowledge and the network to think and to act. To us, it’s much more than providing content: it’s about delivering information that makes a difference.
Private Equity International: read, trusted and acted on by the world’s most successful private equity professionals.