Funds

logos on Sanlam HQ and Absa building
Funds

Sanlam and Absa to merge as ZAR 1trn fund manager

Absa Bank and Sanlam, both headquartered in South Africa, have announced plans to merge their investment management businesses. The merger could finalize in the first …

Exchange news

Fund managers seek good governance

Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey …

Exchange news

Executive pleads guilty as collapse of $14bn Abraaj hits PE flows into Africa

The ongoing collapse of the giant Abraaj platform in the world’s biggest private-equity insolvency has hit flows into Africa-focused private-equity funds. Former Abraaj managing partner …

Exchange news

Warning about “less orthodox” private equity debts

Private equity fund managers (general partners or GPs) are using money promised by investors (limited partners or LPs) as security to borrow from banks. The …

Capital raising

Guest post: Institutions funding infrastructure

By Gerald Gondo, Business Development Executive, RisCura Never before has the need for infrastructure felt so immediate and acute. This became apparent to me as …

Exchange news

International – new IPSX exchange opens property as global asset class

A new asset class has opened for investors as the International Property Securities Exchange in London prepares for its first initial public offer (IPO) in …

Exchange news

Blockchain, crypto and the changes to stock exchanges in coming 2 years

Hirander Misra, CEO of GMEX Group, says blockchain will start changing securities exchanges in the next 2 years as regulation, custodians, etc all improve. The bar is getting higher to set up an exchange”.

Capital raising

12 questions Silicon Valley investors ask – focus for African policymakers

African tech superstar Alysia Silberg (General Partner, Street Global Venture Capital) says African policymakers keen to boost investment into Africa’s fast growing tech sector can focus on 12 investment questions asked by Silicon Valley.

Capital raising

Do Africa’s $372bn pension fund assets facilitate inclusive growth and social stability?

Africa’s $372bn pension fund assets – do they facilitate inclusive growth and social stability? Is the money well invested, including capital markets and equities, private equity and infrastructure development? Bright Africa report by RisCura.

Capital raising

How big are African pension funds?

Traditional assets under management in 12 African countries were $634bn in 2014, set to reach $1.1trn in 2020 (PwC). South Africa’s $124bn GEPF is the biggest but many other fast-growing African funds are also investing in infrastructure and private equity.

Capital raising

African pensions and infrastructure investment – recent research

African pension fund regulators and PPP practitioners have much to learn from Latin American examples on how to let local funds invest into infrastructure, while building the capital markets, plus round-up of some recent research papers.

Funds

Private Equity Africa award winners 2017

Congratulations to all the winners and participants of the Private Equity Africa Awards 2017.

Exchange news

JSE listed ETF offers 15 African exchanges ex-South Africa

A new AMI Big50 Ex-SA ETF offers investors access to an index covering 50 African companies outside South Africa. It is run by Cloud Atlas Investing and listed on the JSE.

Funds

Private Equity Africa – 2016 in review

There were about 100 private equity deals in Africa in 2016, according to Preqin, valued at $3bn, according to figures at the industry-leading Private Equity Africa 7th annual review and outlook.

Funds

Tonight – Private Equity Africa 7th Annual Review and launch of report

Tonight’s meeting: Private Equity Africa 7th Annual Review & Outlook Seminar at Thomson Reuters HQ “Generating alpha in uncertainty” features top speakers identifying 2017 trends, including emerging credit funds, deal pricing and activity.

Funds

Private equity – good for investing, slow for fund-raising

Fund-raising for African private equity funds was slower in the first three quarters of 2016 compared to 2015, but deal-making was stronger, according to EMPEA.

Capital raising

Pension funds power Africa’s infrastructure

Here is my article on a critical area for Africa to develop, creating the atmosphere for productive investments by fast-growing pension funds. Published in African Banker magazine.

Capital raising

Africa IPO round-up

Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.

Exchange news

Ethos Capital PE lists after R1.8bn oversubscribed private placement

Ethos Capital listed on South Africa’s JSE on 5 August after R1.8 bn ($131m) oversubscribed private placement creates liquid vehicle for private equity investors.

Events

Private Equity Africa award winners 2016

What a night – the gala dinner of the Private Equity Africa 2016 awards in their 5th year. A full day conference charted the changes with sessions on new structures for private equity funds, the rise of stock exchange IPOs as exits, specialized agriculture, healthcare and other funds and many more topics for 2016.