February 11th, 2017 by Tom Minney
Fund-raising for African private equity funds was slower in the first three quarters of 2016 compared to the previous year, but investing and deal-making activity was stronger. According to figures recently released by the Emerging Markets Private Equity Association (EMPEA
), total fund raising by September 2016 was $1.1bn, only 31% of the capital raised in the same period in 2015.
Deal-making was also at $1.1bn according to the EMPEA figures, up 22% from the previous year when it was $0.9bn. However, analysis at Private Equity Africa
suggests some $3bn in private equity deals went through in sub-Saharan Africa, using different metrics, suggesting a good year for deals.