The search for returns: Investor views on private equity in Africa

The purpose of this report is to provide stakeholders with views on private equity in Africa from the Limited Partner’s (LP’s) perspective. This study examines future investment plans into African private equity, the region’s relative attractiveness, expected return drivers, preferred investment vehicles, and the challenges to investing in the region. The results of this survey are based on data collected from 48 LPs from Africa and around the world. These LPs range from endowments and family offices to pension funds and development finance institutions (DFIs). Collectively, the LPs have over US$ 150 billion in global private equity assets under management and undrawn commitments of US$ 50 billion.