Private equity fundraising over time

Funds that announced a final close in 2016 include Actis Africa Real Estate III, covering Sub-Saharan Africa, at USD 500m and Capital Alliance Private Equity IV, covering West Africa, at USD 570m. Total funding in 2016 reached USD 2.3bn, compared to total funding of over USD 4bn in 2015. However, 2015 was an outstanding year for fundraising with several large funds closing, including Helios III at USD 1.1bn and Abraaj at USD 990m (Source: AVCA Private Equity Data 2016). If the two real estate funds are excluded, the fundraising activity in 2016 was slow, as can be expected after the record year of fundraising in 2015 and the macroeconomic challenges across the continent.



Next: Regional fund and transaction size