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Africa-Based Private Equity Fund Managers – November 2012

by Laura Duce

  • 07 Nov 2012
  • PE

Currently, there are 122 private equity firms headquartered across Africa, according to Preqin’s Fund Manager Profiles database. Collectively, these funds have raised approximately $19.4bn over the past 10 years, and have an estimated $5.2bn in dry powder available for investment. Almost 47% of these funds managers are based in South Africa, approximately 11% are based in Mauritius, and 9% are headquartered in Egypt; funds managers in these regions have raised $7.4bn, $4.6bn, and $4.4bn respectively over the past 10 years.

The top five Africa-based fund managers by total capital raised over the past 10 years are Citadel Capital, ChrysCapital, Pamodzi Investment, EFG-Hermes Private Equity, and Ethos Private Equity. These five firms alone account for approximately 43% of total capital raised over the past 10 years by all Africa-based fund managers. Collectively, these firms have approximately $1.6bn in estimated dry powder available for investment.All five fund managers have a diversified industry focus and a geographical focus which includes Africa, as well as additional regions across the globe.

The largest Africa-based fund manager is Citadel Capital, an Egypt-based private equity firm with a balanced firm strategy which uses a variety of investment strategies including buyout, growth and distressed debt. The firm focuses its investments throughout Africa and the Middle East, and has additional offices located in Algeria and Kenya. Citadel Capital has raised over $2.4bn over the past 10 years, and has an estimated $251mn available for investment.

ChrysCapital is headquartered in Mauritius, and makes growth investments across emerging markets, with a particular focus on India. The firm invests in a variety of industry sectors including business services, consumer goods and healthcare. The firm also makes special situations investments, co-investments, management buyouts and management buy-ins. The firm has raised roughly $2.3bn over the past 10 years, and has approximately $720mn at its disposal.

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