(Reuters) – Kenya-based private equity firm Catalyst Principal Partners has an eye on demand from East Africa’s growing middle class as it starts to make investments from a broad $125 million fund and from a partnership dedicated to real estate.
Mauritius-registered Catalyst, which in November finished raising cash for its first closed-end fund, sees opportunities in a region of about 200 million people, where consumer demand is rising and a big boost from recent oil and gas discoveries is expected for the future.
“We are very much focused on consumer demand on the regional front,” said Catalyst Chief Executive Officer Paul Kavuma in an interview this week. He left Actis East Africa to found Catalyst in 2009.
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Kenya private equity firm kicks off 1st fund, property venture
