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The Tunis and London-based firm is aiming for a first close in Q1 2020 as it targets an SME funding gap in the region.
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The strategy has experienced a spike in fundraising, and market players don’t think that will slow down anytime soon.
Sophia Damianou, who will oversee business development for the region, joins the firm from a London-based hedge fund.
Real asset debt and corporate loans were among the favourites of insurers, outpacing real asset equity strategies, hedge funds and public securities for planned allocation increases.
The private credit market in Africa may be relatively small but is playing an integral role in helping to fill the capital gaps left by the continent’s banks. Rebecca Szkutak reports
Vantage Capital delivered the profit from its investment in South Africa’s New GX Capital, and has so far delivered a 2x money multiple across its three mezzanine funds.
The development-focused asset manager has clinched a pledge from Kempen Capital for its new fund, which targets up to $300m over the next three years to support ag lending in the developing world.
The Abu Dhabi-based manager’s second private debt fund has completed transactions in Egypt, East Africa and Turkey.
Investors in the continent’s private equity market should be considering other parts of the capital structure, writes Syntaxis Capital’s Africa head.
The ‘pioneering’ listed vehicle has already secured commitments from nine Nigerian pension funds for its initial placing.
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