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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note