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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
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
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.
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