TriLinc Global Impact Fund has approved Helios Investment Partners to act as its sub-advisor on term loan investment opportunities in Sub-Saharan Africa.
South Africa attracts more than half the continent’s PE transactional activity thanks to a combination of market size, ease of doing business and comparatively well-developed financial institutions and governance practices, Sean McPhee, partner at Deloitte’s Corporate Finance unit, has said.
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity is expected to continue, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced its 2015 Global Engagement Call for Proposals from fund managers seeking OPIC financing for private equity investment funds.
Morocco has emerged as the top investment destination for private equity in North Africa, attracting 51% of all deals and 43% of total capital invested in the sub-region between 2010 and 2014, according to a report by the Emerging Markets Private Equity Association (EMPEA).
Despite the backdrop of significant volatility across all investment markets during 2014, SA private equity funds continued to offer relatively strong performances, according to the fourth quarter 2014 RisCura-SAVCA South African Private Equity Performance report.
The deal activity on the African continent remains strong with $8.1bn worth of deals completed in 2014, a new report by the African Private Equity and Venture Capital Association (AVCA) has revealed.
Private equity and venture capital fundraising in 2014 increased year-over-year in Sub-Saharan Africa, according to EMPEA, the global industry association for private capital in emerging markets.
Investments into South African private equity funds delivered an annualized rate of return of 18.5%, net of fees, over the ten years to September 2014, according to the RisCura-SAVCA South African Private Equity Performance Report.
As African private equity markets evolve, the ‘sweet spot’ is to be found at the smaller end of the deal size spectrum, according to Nick Tims, managing director in the client group at Investec Asset Management.
Advanced Finance & Investment Group (AFIG Funds) has signed a strategic partnership agreement with the Bourse Régionale des Valeurs Mobilières (BRVM), the regional stock exchange for UEMOA (the West African Economic and Monetary Union), for the financing of private companies via the stock exchange.
The African Private Equity and Venture Capital Association (AVCA) has launched the Francophone Africa-focused Legal & Regulatory Committee, a sub-Committee of AVCA’s Legal & Regulatory Committee (L&R; Committee).
EMPEA has launched the Frontier Markets Council, an advisory body comprised of and dedicated to fund managers, institutional investors and industry advisers active in the frontier markets.
The conditions are ripe for private equity investment into Africa, according to Steve Costabile, Head of Private Funds Group at PineBridge Investments.
