FMO Highlights African Private Equity

The Netherlands Development Finance Company (FMO) has confirmed that is has committed EUR118mn (US$167mn) to nine African private equity funds, in a move that once again shows the important role such firms can play in African development. In addition to contributing to the closing of CFW-regular Aureous Capital's Africa fund, it has committed capital to Africinvest II, a pan-African mid-market fund managed by Africinvest Capital Partners and Tuninvest Finance Group, and Cauris Croissance, a fund dedicated to SME growth capital in French-West Africa.

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