IFC Commits $40M To Pan Africa Private Equity Fund

Jun 27 2008 | 10:41am ET

The International Finance Corp., a member of the World Bank Group, is committing US$40 million to Aureos’ Pan Africa fund, a US$400 million private equity offering that will invest in medium-sized companies in Africa.
 
IFC is also making a $6 million loan to the management company.

Aureos, an emerging market shop, was established in 2001 as a joint venture between CDC Group, a U.K. government-owned fund of funds, and Norfund, the Norwegian Investment Fund for Developing Countries.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 
Error

FINalternatives Trending

From the current issue of