September 30, 2016

Almost Half of H1:2016 Private Equity Fundraising Exclusively Dedicated to Real Estate

Dolapo Omidire

In their African Private Equity Data Tracker, the African Private Equity and Venture Capital Association revealed that in H1:2016, 83 PE deals with a total value of USD$0.9bn were reported, while another USD$1.1bn was the total value of African PE fundraising in the same period.

Of this US$1.1bn, 46% of the total raised is exclusively dedicated to real estate opportunities in Africa, demonstrating the strong relative interest in the sector across the continent, despite the commodity crisis affecting many of its countries.

Actis’ USD$500m Africa Real Estate III Fund (ARE3) accounts for the entire 46% and it will invest predominantly in prime retail, office and industrial developments in the capital cities of 7 – 8 sub-Saharan African markets. It is the largest opportunistic private real estate fund targeting sub-Saharan Africa raised in the market to date and is significantly larger than Actis Africa Real Estate Fund 2, which closed in October 2012 with commitments of $278m.

See the report below.

2016 H1 African Private Equity Data Tracker. Source: African Private Equity and Venture Capital Association .
2016 H1 African Private Equity Data Tracker. Source: African Private Equity and Venture Capital Association .

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