Sub-Saharan Africa-based Private Equity Fund Managers

by Nicholas Jelfs

  • 20 Jul 2011
  • PE

Preqin’s Fund Manager Profiles database currently shows that there are 98 private equity firms headquartered in Sub-Saharan Africa. Collectively, these firms have raised approximately USD 11.3 billion through private equity funds over the last 10 years, and still have USD 3.8 billion available in dry powder. In terms of location, the vast majority of firms (63) are based in South Africa, followed by nine located in Mauritius and seven in Nigeria.

Preqin’s extensive research reveals that the five largest Sub-Saharan Africa-based firms, in terms of aggregate capital raised for private equity funds over the last 10 years, are ChrysCapital, Pamodzi Investment, Brait Private Equity, Ethos Private Equity and Absa Capital Private Equity.

ChrysCapital is the only firm out of the five to be based in Mauritius. It makes venture capital investments across a diversified range of industries and geographies, with a focus on late stage expansion opportunities. The firm has raised USD 1.9 billion over the last 10 years and is currently managing its fifth fund, which closed on USD 970 million in 2007.

The other four firms are all based in South Africa, and have collectively raised USD 3.6 billion in capital commitments over the last 10 years. All four firms focus their investments exclusively in Africa, with Brait Private Equity targeting opportunities solely in South Africa.

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