Top 10 Private Equity Funds targeting African Infrastructure
Most African investments require some sort of investments into infrastructure. FACT. Well in many instances it is, you’ll find a more nuanced argument from the African panel at the World Economic Forum and within this article from the good old Beeb Beeb Ceeb (BBC). So this has to be a boom area for Private Equity firms then, right? Here’s the top 10 by target fund size (data as of 2011):
|
Fund Name |
Institution Name |
Target Fund Size ($m) |
|
TCW Energy Fund XIV |
TCW Group (recently acquired by Carlyle Group) |
2600 |
|
Infrastructure and Growth Capital Fund (IGCF) |
Abraaj Capital |
2000 |
|
Denham Commodities Partners Fund V |
Denham Capital Management |
2000 |
|
Table Rock Partners Fund |
Table Rock Capital |
2000 |
|
Actis Infrastructure Fund II |
Actis |
1250 |
|
EQT Infrastructure Fund |
EQT Partners |
1200 |
|
Pan African Infrastructure Development Fund |
Harith |
1000 |
|
ECP Renewable Energy Fund I LP |
Earth Capital Partners |
925 |
|
Beehive Water and Waste Holdings LP |
Beehive Capital |
630 |
* Figures accurate from 2011 If anybody wants to update me then feel free!!!
NB Citadel’s RVRI project is targeted at $287m if I’m correct, so wouldn’t make the top 10 yet, still very excited to see where they go next!
Couple of interesting points to make here, firstly, the only fund that target’s Africa exclusively is ECP’s Africa Fund II, which lies just outside of the top 10 with a target size of $523m (energy, telcoms and transport if you’re interested). Also if you included non-private equity funds (i.e. DFIs and Infrastructure Fund Managers), the IFC’s Infrastructure and Growth Capital Fund, tops the list at a whopping $10bn targeted with GIP’s fund coming in 2nd at $5.64bn targeted (Gulf One, Macquarie and HSBC would also all make strong entries inside the top 10)
There is a great report from Infrastructure Investor (the African Intelligence Report – easily found on Google), which will give you more in depth analysis on African Infrastructure as well as the geo and sector focus of the main players in the African Infra space, but seriously if there are any experts reading this who want to update me, we’ll blog you!
at 3:20 pm
Hi, I think some of your Africa PE funds should be updated. Most of the ones listed do not focus on Africa, if at all. The Pan Africa Infrastructure Fund is perhaps the only one that is exclusively Africa infrastructure. Actis however is raising an energy fund. For general Africa fund’s try Ethos, the largest and oldest in Africa, Vantage (mez), Carlyle Africa (fund raising), Kingdom, among a few others.
at 3:37 pm
Thanks Eric, I should’ve probably stipulated that these are the biggest funds with an african focus rather than soley focused on Africa. You can see the regional focus for each fund on the African Intelligence report quoted in the blog, having said this report was done in 2011.
at 8:49 am
I shall appreciate information on funds targeting bio-fuels (palm oii) and ethanol (sugar) production in Mozambique.
at 2:16 pm
THANKS SIRS
YOUR MAGAZINE IN BUSINESS IS VERY IMPORTANT BUT I THINK AS A SENEGALESE BUSINESSMAN FROM DAKAR SENEGAL WEST AFRICA THE DOOR OF THIS IMPORTANT CONTINENT THAT ALL INVESTMENTS IN INFRASTRUCTURE IN OUR AFRICA WILL TARGET WHERE TO PUT IN SECURITY RAW PRODUCTIONS IN AGRICULTURE I MEAN SETTLEMENT OF WAREHOUSES FOR IMPORTANT PRODUCTS AND STOREHOUSES FOR TREATMENT CONDITIONING THESE RAW PRODUCTS BEFORE EXPORTATION TO ABROAD OR MULTIPLYING IN VARIOUS OTHERS SOUS PRODUCTS IN FACTORIES.
RIGHT NOW ALL INVESTORS INTERESTED IN THIS FIELDS OF SETTLING WAREHOUSES OR TAKING CARE OF AGRICULTURAL RAW PRODUCTS EITHER BY COLLECTION OR GATHERING FROM COUNTRY TO COUNTRY ARE WELCOME IN DAKAR IN PARTNERSHIP WITH ME IN MY IMPORTANT PROJECT CONCERNING THIS FIELDS. THE REAL PROBLEM IN WEST AFRICA IS THE LACK OF THESE KIND OF HOUSE AND PROJECT ABOUT: COLLECTING/GATHERING/CONDITIONING/TREATING/DOING FIRST PRELIMINARY TREATMENT FOR SOME RAW PRODUCTS REQUIRING GOOD PROTECTION BEFORE EXPORTATION/.THESE PROBLEM CONCERNS ALSO MINES PRODUCTS/SEA PRODUCTION /AND ELSE.SO THINK ABOUT THESE PROBLEMS.FROM YOUR FRIEND
MR MAMADOU KH. SALLA G. MANAGER OF AFRIQUE SOLIDARITE BP 10728 LIBERTE DAKAR SENEGAL E.M sallamamadou@hotmail.com WEST AFRICAB
at 12:29 pm
The whole discusion is quite impressive, but one thing stil stands clear, most investors are not interested in Africa, reason seems to be absord. those that are interested are not looking at the right direction one can clearly see that from the level of their capital allocation to projects that would ruly steer the ecomomy and by that impacting positively to the global economic growth and mobility.
We are looking for investors that are truly looking for viable investments in West Africa in the following areas:
Agriculture
Energy
Mining
we have developed good projects that would realy brige the glearing gaps in supply and demands on these area.
Africa in general I would have expeced to be on of the six emerging economies if projects a well funded.