January 19, 2017 - AfricInvest recently announced the final closing of AfricInvest Fund III LLC. The fund closed with limited partner commitments of €272.7 million, which exceeded an original target of €200 million.
Fund III will continue AfricInvest's successful strategy focused on private equity investments in high-potential midcap companies in Africa.
Limited partner commitments were secured from a diversified group of institutional investors from Africa, Asia, Europe and North America. Among these institutions are leading sovereign wealth funds, asset managers, family offices and development finance institutions.
Stanwich Advisors, LLC acted as exclusive placement agent for Fund III.
AfricInvest was founded in 1994 and is today among the leading private equity firms in North and Sub-Saharan Africa with around 1 billion USD of assets under management across 14 PE funds and sponsored by prestigious DFIs, private and institutional investors. AfricInvest relies on a team of 50 highly skilled investment professionals with over 130 years of cumulative PE experience, operating out of seven offices in Tunis, Nairobi, Casablanca, Algiers, Lagos, Abidjan and Paris. AfricInvest is the co-founder of the African Venture Capital Association (www.avca-africa.org), the East African Venture Capital and Private Equity Association (www.eavca.org) and the Emerging Markets Private Equity Association (www.empea.org) and member of the Euromed Capital Forum (www.euromed-capital.com).
Stanwich Advisors, LLC is a leading independent investment bank that focuses exclusively on providing capital raising and advisory services to private equity firms globally. Stanwich Advisors utilizes its seasoned fund placement and secondary advisory team to provide senior, hands-on execution for a limited number of clients each year. Since 1996, the Stanwich Advisors team has raised in excess of $20 billion for more than 40 private equity funds. For more information on Stanwich Advisors, please visit http://www.stanwichadvisors.com.
Stanwich Advisors, LLC