Carlyle Collects $698 Million for First Sub-Saharan Africa Fund
This article is for subscribers only.
Carlyle Group LP, the world’s second-largest manager of alternative assets such as private equity and real estate, raised $698 million for its first fund targeting investments in sub-Saharan Africa.
The final amount was 40 percent above the $500 million targeted by Washington-based Carlyle for the strategy, according to Catherine Armstrong, a spokeswoman. The firm started a team based in Johannesburg and Lagos, Nigeria, in 2011, headed by Marlon Chigwende and Daniel Jordaan. Jordaan stepped back from his role earlier this year and became a senior adviser.