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Category: Leverage and Returns

Africa soars to record $5.2bn of annual VC investment, more than previous seven years combined

Africa's ongoing rise as a startups superpower received a massive boost last year with $5.2bn of venture capital investment - more than the previous seven years combined, new research shows. The post Africa soars to

XSML holds hard cap close for African Rivers Fund III

Central and East Africa-focused fund manager XSML has held a final close for African Rivers Fund III on its hard cap of $85m. The post XSML holds hard cap close for African Rivers Fund III first

KKR Invests in Shriram General Insurance

JAIPUR, India--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and

Norrsken’s new Africa-focused tech fund is leaping on a giant opportunity other firms are missing

Africa’s booming, tech-savvy young population are being largely ignored by global venture capital investors, despite offering a golden opportunity to get in early in subsectors that have the potential to become world leaders in the

Flutterwave becomes Africa’s most valuable startup at $3bn thanks to new VC round

FinTech Flutterwave has become Africa's most valuable fintech after a new wave of VC funding saw become worth more than $3bn. The post Flutterwave becomes Africa’s most valuable startup at $3bn thanks to new VC

Unicorn founders-backed Norrsken holds $110m first close for fund targeting African tech

Norrsken Foundation has held a $110m first close on $200m-targeting Norrsken22 to invest in Africa's new tech giants. The post Unicorn founders-backed Norrsken holds $110m first close for fund targeting African tech first appeared on

Pemberton opens new Dubai office, hires Ghamgui from BlackRock as MD and head of Middle East and Africa

European private credit manager Pemberton has hired BlackRock senior exec Anis Ghamgui to lead the newly opened Dubai office. The post Pemberton opens new Dubai office, hires Ghamgui from BlackRock as MD and head of

Permira, Berkshire Partners to exit African Teraci Data Environments

Global buyout major Permira, together with Boston-based investment firm Berkshire Partners, has agreed to exit African data center services provider Teraco Data Environments to Digital Realty. The post Permira, Berkshire Partners to exit African Teraci

XSML doubles AUM with Fund III close

Amsterdam-based emerging markets investor XSML has doubled its assets under management to $154m through a final close of its African Rivers Fund III. The post XSML doubles AUM with Fund III close first appeared on AltAssets

Africa-focused Adenia makes first Moroccan investment with Overseas Catering Services deal

Africa-focused private equity firm Adenia Partners has teamed with Proparco to buy corporate catering and services provider Overseas Catering Services. The post Africa-focused Adenia makes first Moroccan investment with Overseas Catering Services deal first appeared

Helios, InfraCo Africa eye up to $350m for new climate, impact investment fund targeting continent

Helios Investment Partners has teamed with InfraCo Africa to launch a pan-African climate and impact investment fund with the hope of raising more than $350m. The post Helios, InfraCo Africa eye up to $350m for

How GPs can survive in the increasingly-congested impact, climate investment sectors

Widespread destruction from ever-more dangerous climate change events this year has seen swaths of North America, Africa, Siberia and southern Europe consumed by wildfires, mass flooding in Germany and temperatures in Vancouver reaching 50°C. Impact investment funds have been

VC firm 212 to deploy EUR 32m in two years, gears up for exits

212, a venture capital firm focusing on Turkey, eastern Europe, the Middle East and north Africa, is looking to conduct five to eight further investments, with EUR 32m left in its latest fund to deploy.

Women in PE continue to earn less than male counterparts – survey

Female private equity professionals in Europe and Africa continue to earn less than their male counterparts at partner, principal and associate levels, according to Heidrick & Struggles' 2021 EMEA Private Capital Compensation Survey.

DPI raises one of the largest ever funds dedicated to investing global capital in Africa

Africa-focused investor Development Partners International raised more than $1.1bn of new capital targeting dealmaking on the continent. The post DPI raises one of the largest ever funds dedicated to investing global capital in Africa first

BluePeak holds $115m first close for flagship fund as Covid-19 generates ‘substantial financing needs’ in Africa

Africa-focused buyout house BluePeak Private Capital has held a $115m first close for its first flagship private credit and mezzanine fund. The firm is targeting a final close of $200m, with a hard cap of

AFC eyes up to $2bn for new fund fighting huge climate change impact on Africa’s infrastructure

Africa Finance Corp has launched a new asset management arm with plans to raise up to $2bn over the next three years, targeting infra investments aimed at managing climate change challenges such as rising temperates

African debt fund pair get commitments boost from development finance institution CDC Group

UK development finance institution CDC Group has backed a pair of Africa-focused investment funds with a total of $60m as the first investments from its new credit strategy. The post African debt fund pair get

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