Giant funds entered the market on the peak of the Africa financial hype narrative in 2014, after which crashed out.
World gamers KKR and BlackRock got here, put a toe within the water… after which left. New entrants like Abraaj who dreamt large exploded.
So does this clear the best way for a special form of personal fairness participant in Africa? For smaller funds not in search of the large $200m deal: extra specialised, extra targeted?
Ziad Oueslati, Managing Director and co-founder of AfricInvest – a veteran personal fairness investor – definitely thinks so.
His pioneering funds have invested in 150 corporations, has exited from practically 90.
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