GroFin Unveils Africa-Focused Private Equity Fund

Mar 11 2008 | 2:00am ET

GroFin Capital is raising a private equity fund that will invest in small and medium enterprises in sub-Saharan Africa. The firm is looking to raise US$130 to US$150 million for the GroFin Africa Fund.

International Finance Corp. is investing up to $30 million in the new offering.

Unlike other p.e. funds, the Africa Fund will look to deploy capital to more than 500 companies, in contrast to the traditional 10 to 15 companies that a p.e. fund will invest in over the life of the fund.

GroFin, in partnership with Shell Foundation, was established in 2004 and was founded by Jurie Willemse of South Africa.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...