212 private equity firms with 298 offices are physically based across 27 sub-Saharan African countries, according to consultancy Asoko Insight and Africa Capital Digest, a research firm.
Among them, 10 largest firms, defined by funds under management, have over $1 billion each. They are:
- African Capital Alliance
- African Infrastructure Investment Managers
- Development Partners International
- Emerging Capital Partners
- Harith General Partners
- Helios Investment Partners
- Investec Asset Managements
- Old Mutual Capital
8 companies have between $500 million and $1 billion. South Africa, Kenya and Nigeria make home to most of these firms.
63 firms have funds ranging from $100 million to $500 million. 71 firms manage less than $100 million.
82 of the private equity firms based out of Sub-Saharan Africa pursue sector-agnostic investment strategies. This number diminishes in the following order: financial services, consumer goods (47 companies), agribusiness (41), health (40), tech (36), real estate (34), education (27), energy (26), infrastructure (25).