Private Equity |

New York Pension Fund to Invest up to 3% of its assets in Africa

London (Capital Markets in Africa):- At a conference in London last week, Vicki Fuller, the Chief Investment Officer of the New York State Common Retirement Fund, revealed that it is planning to allocate as much as 3% of its assets, (approximately $5 billion), to investing in Africa over the next 5 years. Private equity, venture capital, infrastructure and real estate opportunities all look set to benefit. With priority being given to managers with offices in African…

European investors support Vantage Capital with $75m

Posted on by The Editorial Team

Vantage Capital, Africa’s leading mezzanine debt provider, today announced that the DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of approximately $60m to Vantage’s third fund. DEG’s commitment to Fund III is $20m. In addition the DEG is providing $15m to a co-investment with Vantage in Surfline Communications, the leading 4G LTE network operator in Ghana. Vantage invested $15m in Surfline from its second fund late…

AFIG Funds invest in Primrose Properties Ghana Ltd

Posted on by The Editorial Team

Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in Accra, Ghana. Primrose is focused on the development of commercial and residential properties and has developed a solid track record in Ghana’s growing real estate market. The ACRF investment will allow PPG to fund an attractive pipeline…

Nigeria’s Verod Capital in Union Trustees Limited Management Buyout

Posted on by The Editorial Team

Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited. This is the third investment in Verod Capital’s Fund II. The company, a fully owned subsidiary of Union Bank of Nigeria is duly licensed and registered by the Securities and Exchange Commission as Trustees and Fund and Portfolio Managers. Union Trustees Limited, based in Lagos Nigeria, is well known as one of the top corporate Trustees’ and Fund Managers…

The Abraaj Group closes US$990 Sub-Saharan Africa fund

Posted on by The Editorial Team

Dubai, UAE, 13 April 2015: The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million. Abraaj Africa Fund III (“AAF III” or the “Fund”) received support from a diverse range of global institutional investors, pension funds, sovereign wealth funds and development finance institutions. 64% of the capital committed to the Fund has come…

FMO exits Safripol investment

Posted on by The Editorial Team

Johannesburg, South Africa, April 8 2015: The Netherlands Development Finance Company (FMO) and Vantage Capital have exited their R220 million ($32 million) investment in Safripol, a Southern African plastic polymer manufacturer. Vantage is a Pan-African mezzanine fund manager with over R5 billion ($420 million) of assets under management. FMO is the Dutch development bank. In July 2007 Vantage and FMO funded Thebe Investment Corporation, one of South Africa’s most prominent black economic empowerment investment companies, to acquire…

National Bank of Canada Buys an Equity Stake in the African Financial Group NSIA

Posted on by The Editorial Team

National Bank of Canada (“National Bank”) today announced that it is purchasing a stake in NSIA Participations (“NSIA”), a financial group headquartered in Abidjan, Côte d’Ivoire, with operations in 12 countries across West and Central Africa. With this transaction, National Bank and Amethis Africa Finance (“Amethis Finance”) acquire the equity stake held by private equity fund ECP Africa Fund III PCC in NSIA. National Bank will have a 20.9% interest, while that of Amethis Finance…

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