Private Equity in Senegal Gets Jump-Start With State-Backed Fund
- Senegal launches mid-cap fund to attract commercial investors
- Instability keeps Africa behind others in PE fund-raising
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Senegal is jumping on the private-equity bandwagon by starting a 100 million-euro ($111 million) fund, the first time an African government has backed an investment pool of this nature and size.
“This is something we don’t see very often; a government raising a private-equity fund,” said Vasiliki Ntina, a research analyst with London-based African Private Equity Capital and Venture Capital Association. “Africa is full of opportunities, and the challenge is to continuously promote awareness.”