The conditions are ripe for private equity investment into Africa, according to Steve Costabile, Head of Private Funds Group at PineBridge Investments.
The African Private Equity and Venture Capital Association (AVCA) has launched the Stakeholder Advocacy and Communications Committee (SACC), an advisory group that will work with AVCA to advance and promote its advocacy-led stakeholder engagement.
Capital Trust Group has received the Malta Financial Services Authority (MFSA) approval for its EuroMena III fund to be regulated under the de-minimis AIFMD (Alternative Investment Fund Managers Directive), making it one of the first funds in the region to be regulated by a European governing body.
Private equity investors are ideal partners to help fund the infrastructure gap in Africa, according to the Southern African Venture Capital and Private Equity Association (SAVCA).
Kusuntu Partners has launched a service for linking up the Africa focused private equity funds and investors to Africa small and growing businesses that are looking for growth and expansion capital.
The value of global private equity deals targeting Africa has more than doubled (137%) in the first half of 2014 compared to the same period last year, according to research by global law firm Freshfields Bruckhaus Deringer.
Private equity and the growth of pension funds provide a massive opportunity to finance investment in Africa, industry experts have said.
The private equity asset class in South Africa continues to deliver a sturdy performance with funs yielding an annualised rate of return of 18.6% over the ten years to the end of June 2014, according to the latest RisCura-SAVCA South African Private Equity Performance Report. Ten-year returns decreased slightly compared with those measured during the previous quarter, as some of the firm gains made during the period of strong economic growth of the early 2000s, when returns averaged 37.9%, begin to have less significance.
