Private Equity Firms Based in Africa

by Anna Strumillo

  • 06 Jan 2010
  • PE

In the last 10 years private equity firms headquartered in Africa have raised over USD 10 billion in aggregate capital. South African private equity firms contributed nearly 60% of this, whilst Egyptian firms raised around 25% and capital raised by firms based in Mauritius and Morocco account for just over 5% and 4% respectively.

With over USD 1.8 billion raised in the past 10 years Cairo-based Citadel Capital is one of the largest private equity firms in Africa. The firm is a control investor and is majority owned by its senior management and staff. It is also a principal investor in its own transactions. While the firm is primarily focused on opportunities in the Middle East and Africa, it has a strong interest in proximal African nations. Another Africa-based firm that has raised more than USD 1 billion in the past decade is Pamodzi Investment, headquartered in South Africa. Pamodzi was founded by black South African professionals and entrepreneurs. The firm is the fund manager of South Africa's largest private equity fund to date, the Pamodzi Resources Fund I. With USD 1.3 billion available for investment, the fund targets resources and resource-enabling infrastructureopportunities in sub-Saharan Africa.

For a comprehensive, detailed source of information on private equity fund managers, including information on current and historical dry powder levels across fund types, regions, and across fund sizes, please see our Fund Manager Profiles product.

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