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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Investment

Invest AD and SBI Holdings setting up partnership and $100 ml Africa fund

Posted on 14 September 2010

From Albawaba.com: Abu Dhabi financial services firm Invest AD (majority-owned by the Abu Dhabi Investment Council, a regionally-focused sovereign wealth fund for the emirate of Abu Dhabi) and Japan’s SBI Holdings Inc. (SBI) are establishing a new fund management company to invest in Africa, starting with a fund of up to $100 million.
The new fund, seeded equally by Invest AD and SBI, will focus on Nigeria, Ghana, Kenya, Egypt, Tunisia and Morocco. It will invest in several sectors, including banking, mining, consumer products and manufacturing, through listed equities, initial public offerings (IPOs), as well as pre-IPO and unlisted equity……………………………………….Full Article: Source


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