Private equity fundraising over time
Total fundraising in 2017 reached USD 2.3bn, compared to USD 2.6bn in 2016. A total of 11 funds raised capital during 2017, the largest being Actis Energy IV, Vantage Mezzanine III and Adenia Capital IV.
$920m
Actis Energy IV closed at USD 2.75bn and will cover Africa, Latin America and Asia, with USD 920m expected to be invested in Africa.
$280m
Vantage Mezzanine Fund III closed at USD 280m and will have a Pan-Africa focus.
$254m
Adenia Capital IV will cover sub-Saharan Africa and reached a final close of USD 254m.
In recent years, investment from commercial investors, particularly pension funds and endowment funds has increased, reducing the concentration of development finance institution (DFI) funding within the private equity industry.