Fund managers brought home $1.4billion for Africa in the first quarter of 2013, already matching 2012 year’s full-year figures, according to Preqin data.
This year’s figures have been bolstered by the Ethos Private Equity $800million vehicle, closed at the beginning of the year. Ethos Private Equity Fund VI exceeded its originally cap of $750million.
Fundraising was also lifted by Vital Capital’s vehicle, which reached final close $350million. The Tuninvest – Africinvest Group also finally reached its close at $156million (€120milion) for its third vehicle, according to Preqin data.
However not all mangers have been able to attract significant capital. Silk Invest has reached a final close at $32million, with an expectation to reach a final cap at $40million. The consumer-focused fund had originally hoped to bring in approximately $150million.
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Africa PE Fundraising touches $1.4bn in Q1
