Investec successfully closes 2nd Africa private equity fund at $295M

Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295 million. The investor base includes pension funds, endowments, fund of funds and development finance institutions from across the US, Europe, the UK and Africa.

As with its first African fund, IAPEF 1, launched in 2008, IAPEF 2 will focus broadly on the African consumer and will diversify geographically across Africa, continuing the strategy of IAPEF 1, which has exposure to 10 African countries.

Read more: AVCA | Investec successfully closes 2nd Africa PE fund

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