Vital Capital Raises $250 Million for Africa Buyout Fund
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Vital Capital Investments LP, the private-equity firm that invests in housing and agriculture businesses in Africa, said it raised more than $250 million for its first fund.
Vital Capital Fund I will invest in African markets such as Angola, Ghana and Mozambique, Eytan Stibbe, the fund’s founding managing partner and chief investment officer, said in a phone interview today. The fund aims to raise another $250 million, which would make it among the largest in the region, according to Stibbe.