US-based Emerging Capital Partners (ECP) will announce on Monday (July 26th) that it has raised $613 million for a fund aimed at making deals in Africa, including the Maghreb, the Financial Times reported on Sunday. ECP co-founder and chief executive of Hurley Doddy said Africa was “less affected by the financial crisis than most places”. The move by the Washington-based ECP underscores investors’ growing taste for African private equity, said the paper. Africa’s emerging and frontier equity funds last week attracted net inflows of cash, Reuters reported on Monday.
Source : magharebia.com