Monday, 30 March 2015
Last updated 1 min ago
May 25 2007 | 11:40am ET
Emerging Capital Partners, an international private equity firm focused on Africa, recently held a final close of its EMP Africa Fund II PCC (Africa Fund II) with total commitments of US$523 million. It is the largest private equity fund ever raised for investments in the region, according to the firm.
Africa Fund II will take positions in companies through equity, quasi-equity and convertible debt instruments, with a focus on telecommunications, natural resources, financial services, agribusiness, transportation and utility businesses. While the fund will invest in companies with operations throughout Africa, the focus will be on larger markets, such as Nigeria, South Africa, Egypt and Kenya.
ECP has already made several investments through Africa Fund II, including Anvil Mining Limited (based in the Democratic Republic of Congo) and Bank of Africa.
"We focus on sectors where Africa has a comparative advantage or where Africa has typically lagged developed markets,” said Thomas Gibian, CEO of ECP. “ECP can then play a variety of roles from a pure financial investor to a co-developer prior to entering the business, providing anything from executive recruiting and financial advisory services, to active board representation and strategic guidance on exit opportunities.”
Headquartered in Washington D.C., Emerging Capital Partners has been investing in Africa since 2000, initially as part of EMP Global before spinning out in 2005.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…