09.03.2016 - Singapore’s GIC makes first African investments
Singapore’s sovereign wealth fund GIC has invested $100 million in two African-focused private equity players, Actis and RMB Westport, Deal Street Asia has reported. This is the first time that GIC, which has investment in the US, Europe and Asia, has invested in Africa. Its lack of direct presence on the continent could be one of the reasons why it decided to invest indirectly via Actis and RMB Westport, private equity portal PERE said. The state-owned investment arm said it was investing in Actis Real Estate Fund III that seeks to raise $400 million and RMB Westport’s Real Estate Development Fund II that’s looking for up to $450 million...............................................Full Article: Source
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