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Carlyle mulled Africa fund stapled deal – exclusive

The private equity giant approached secondaries buyers about acquiring LP stakes in its 2013-vintage Sub-Saharan Africa Fund and making a stapled commitment to its successor.

TIMELINE: What Abraaj did, according to the SEC

A timeline shows what Abraaj and founder Arif Naqvi are alleged to have done regarding the misappropriation of capital from its 2015-vintage Growth Markets Health Fund, according to the US regulator's complaint.

Africa’s real gems lie deep beneath the surface

Global firms' pullback from Africa has been greatly exaggerated, AVCA chief Michelle Kathryn Essomé explains.
Ambulance healthcare

Ethos pauses healthcare fundraise over pricing concerns – exclusive

The firm had been seeking $250m for the vehicle and was expecting to hold a first close in the second quarter of last year.

AfricInvest to climb deal food chain, enter South Africa – updated

The Tunisia-headquartered firm will target around $500m for AfricInvest Fund IV, according to a source with knowledge of the fund.

Abraaj LPs urged to cover defaulted credit line

LPs in Abraaj's sixth global flagship and certain regional funds have been asked to cover credit line payments.

Africa special: currency risk is the biggest concern for LPs

CDC, South Suez and 57 Stars discuss the risks – and returns – of investing in Africa.

African private equity: In search of a solid 3x

From rising to falling star, Africa rewards those with discipline, patience and the skills to build a market leader.

PE fundraising nears 2008 levels – updated

Several huge closes drove the average fund size to $778.8m in 2017, up from $564.2m the previous year.

LP appetite for emerging markets wanes

According to a survey of LPs by placement agent Probitas Partners, declining interest in China is driving a drop-off across emerging markets.

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