LeapFrog Investments Backs ARM Pension Managers (Sub-Saharan Africa)

LeapFrog Investments, a global impact investing fund manager specializing in financial services and health care, has invested in ARM Pension Managers, the pension fund administration subsidiary of Nigeria-based Asset & Resource Management Company (ARM Group). ARM Pensions has 57 offices across Nigeria and intends to use the new funds to… Read More

Getting Governance Right: Does the Law Matter?

Does Law Matter? Although that may be an odd question for a practicing lawyer to pose, it is a central question for legal academics and policy-makers – in all countries, and  across all fields of activity. How does any particular law affect the way people behave? Is it a force for good, or does… Read More

Cayman Islands: Changes to the AML Regime

The Cayman Islands has long had a robust anti-money laundering and combatting of terrorist financing regime (the AML Regime) aimed at ensuring that Cayman Islands financial service providers adopt appropriate procedures to safeguard against the commission of money laundering and/or terrorist financing offences. This article explores a number of significant changes to the regulatory framework… Read More

The Road Ahead for African Private Equity

This EMPEA Brief investigates recent developments in African private equity—including the increase in capital raised for the continent during the ‘Africa Rising’ years and subsequent macroeconomic downturn—in order to identify key themes that will play a role in how fund managers navigate rising competition, slower growth and volatility to not… Read More

Ashburton Mezzanine Fund I Reaches US$40 Million First Close (Sub-Saharan Africa)

Africa-focused investment manager Ashburton Investments has reached a first close for its inaugural mezzanine fund with ZAR507.5 million (approximately US$40 million) in capital commitments from four undisclosed investors. Ashburton Mezzanine Fund I, which is targeting ZAR1 billion (approximately US$79 million) in total commitments, will focus on South Africa with an… Read More

EXEO Capital Invests US$4.6 Million in Capital Fisheries (Sub-Saharan Africa)

Pan-African food and agriculture-focused private equity fund manager EXEO Capital has invested US$4.6 million in Zambia-based food distributor Capital Fisheries through Agri-Vie Fund II. Capital Fisheries, which specializes in the cold-chain distribution of animal proteins, mainly sells tilapia (or bream) and horse mackerel. Over the next two years, the company… Read More

2018 Global Limited Partners Survey

Key findings from the 2018 Global Limited Partners Survey include: A higher proportion of respondents* plans to increase the dollar value of their commitments to EM PE than in any edition of the survey since 2014, suggesting cautious optimism may be in order for EM-focused fund managers. Read More



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