New York State Common Retirement Fund News

Jeff Schlapinski, Director of Research, EMPEA

Private equity investment in Africa heats up as pension funds stay local

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Big deal: Private equity firm Helios has invested in the petrol stations of energy company Oando.

Prospectors detect hidden gems for Nigerian private equity

Private equity (PE) investors, lured by the potential for rapid growth offered by industries serving Africa’s young, fast growing populations, are beating a path to Nigeria in search of bargains.

Adiba Ighodaro, Partner, Investor Development, Actis. Credit: privcap.com

US pension funds embrace private equity in Africa

That Missouri’s 111,000 retired state workers receive some of their pensions thanks to Africa consumers may seem unlikely.

Dominique Lafont, Senior Advisor, KKR

KKR to invest $100M in Africa over the next year and make Nigeria regional base

KKR & Co. L.P. might be turning to Africa as its next hotspot for private equity investments.

Afriflora, a rose farm in Ethiopia, attracted a $200M investment from private equity powerhouse KKR last year.

From milk to roses, private equity investments in Africa on the rise

From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.

There's plenty to go around. (Reuters/Tiksa Negeri)

Normally risk-averse US pension funds are starting to bet big on Africa

Private equity firms see Africa as the next big thing. But now US public pension funds are starting to look at the continent too.

Vicki Fuller, Chief Investment Officer, New York State Common Retirement...

New York pension fund to invest up to $5.4B in Africa

The New York State Common Retirement Fund, one of the largest U.S. Pension funds and worth about $180 billion, plans to invest as much as 3% of its assets in Africa in the next five years to diversify its portfolio and boost returns.