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Sub-Saharan Africa

From rising to falling star, Africa rewards those with discipline, patience and the skills to build a market leader.
Several huge closes drove the average fund size to $778.8m in 2017, up from $564.2m the previous year.
According to a survey of LPs by placement agent Probitas Partners, declining interest in China is driving a drop-off across emerging markets.
The firm’s $990 million Africa Fund III aims to benefit from the continent’s rapidly expanding middle class.
The firm plans to target Asian investors for the first time.
The UK-based emerging markets firm has added to its African energy portfolio by acquiring utilities in Cameroon.
The UK firm has now realised most of the investments in the £235m Gresham Fund III, after selling specialist oil and gas recruitment provider Swift to US firm Wellspring.
Despite often being required to use independent fund administrators, fund managers have to comb through the results to ensure reports from service providers are accurate.
Indian companies are the most transparent among the BRICS, while Chinese companies are the least, according to a new study by Transparency International.
Mexico is the most industrialised country in Latin America by percent of GDP and presents attractive opportunities for fund of funds managers, says PineBridge's head of private funds group, Steve Costabile.
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