Private equity funds represent a large opportunity set for investors in emerging markets who are willing to make longer-term investments. Over the last decade, private equity penetration in emerging markets has expanded, raising over USD 100 billion annually since 2014.
East Africa Fund I & Africa Fund II are venture capital funds managed by Novastar Ventures that support early- and growth-stage companies serving the low-income mass market segment in East Africa, Nigeria and Ghana.
ADP III is Development Partners International’s third generation private equity fund, investing in consumer goods, financial services, education, healthcare and agri-business for the emerging African middle class.
Energy 4 is Actis’ fourth-generation energy-focused private equity fund. The fund seeks to increase access to renewable energy in low- and middle-income countries through investments in electricity generation and distribution businesses.
Financial Inclusion II is the second generation private equity fund launched by the Australian firm LeapFrog in 2014. It was significantly oversubscribed, raising USD 400 million to be invested in financial inclusion across Africa and South Asia.
The IHS Fund II are two private equity funds launched by International Housing Solutions. IHS invests in affordable housing and green housing development projects in South Africa, Botswana, Namibia and other countries in Sub-Saharan Africa.
India Fund II extends early-stage venture capital to Indian start-ups developing technologies for food, agriculture and the rural economy. The fund seeks to support firms disrupting Indian food systems, making agriculture more profitable and sustainable.