Helios Investment Partners raises US $1 billion African investment fund
Thursday, January 15, 2015
Helios said it will soon close the fund on reaching its US$1.1 billion hard cap, having exceeded the US$1 billion target – 60 per cent of the fund contributed by existing investors.
Investors include sovereign wealth funds, corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions from the US, Europe, Asia and Africa, Helios said.
The firm said investments will focus on value-creating businesses focusing on core economic areas, is key African countries.
“Achieving, and exceeding, our fundraising target for Helios III underscores the global demand for experienced, institutional, Africa-focused private equity specialists […],” said Dabney Tonelli, investor relations partner at Helios.
Source: Disrupt Africa (link opens in a new window)
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