Helios Investment Partners LLP, the Africa-focused private equity firm, plans to raise a fund of about $1.25 billion to invest across the continent, according to people with knowledge of the matter.
The London-based company, led by Tope Lawani and Babatunde Soyoye, is in talks with asset managers and development agencies about what would be its largest private equity fund for African investments, the people said, asking not to be named because the discussions are private.
Helios could start the fund this year, but is no rush to do so, one of the people said. The company, which manages about $3.6 billion, closed a $1.1 billion Africa-focused fund in 2015 after exceeding a $1 billion target.
Source: Bloomberg
Financing for Development in Africa 