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Sovereign Wealth Funds Briefing - Categorized | Market

Saudi-owned Africa fund hit by discord

Posted on 13 March 2012

Prominent African private equity firm Kingdom Zephyr is in talks with investors on the future of its $490 million fund after the departure of its rainmaker forced the closure of its South African office, according to sources familiar with the matter.
The fund’s investors, or limited partners, include Temasek Holdings, the Singapore sovereign wealth fund. Temasek has been pushing to take over the fund, said the other individual with knowledge of the issue………………………………………..Full Article: Source


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