Private equity firms builds war chest to invest in Africa (Infographic)

Private equity companies amassed a $4.3 billion war chest for investment opportunities in Africa last year as the global commodity rout and weakening local currencies cut prices of potential target companies.

The fundraising was the highest since at least 2010 and compares with $1.9 billion in 2014, according to the London-based African Private Equity and Venture Capital Association. The industry group represents investors such as Dubai-based Abraaj Group Ltd., which raised $990 million in its Africa Fund III, and London-based Helios Investment Partners LLP with $1.1 billion in its Investors III Fund.

Read more: Private Equity Builds African War Chest Amid Commodity Rout – Bloomberg Business