Venture Capital and Private Equity in Africa

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Despite Crisis, Private Equity Fundraising Soared for Africa in 2008

Tuesday, 10 February 2009

Private equity funds dedicated to Africa were up 37% in 2008 compared to 2007, and the number of private equity funds with closes rose from 16 in 2007 to 21 in 2008.

Fundraising for private equity funds focusing on emerging markets reached a record high of $6.45bn in 2008, up 12% from 2007, according to a new study released by the Washington D.C. based Emerging Markets Private Equity Association (EMPEA).

Read more.

Tags: emerging, equity, markets, private, $6.45bn, (empea)., 12%, 16, 2007, 2008

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