AFRICA – The African Private Equity and Venture Capital Association (AVCA) has announced the establishment of the AVCA Training Academy to provide private investment professional development across the continent.
This is a first-of-its-kind in the industry and is aimed at supporting private investment professionals interested in Africa, by providing an agile and innovative learning platform tailored to Africa’s dynamic and diverse market.
The AVCA Academy will play an instrumental role in catalysing investment into the asset class by deepening the capacity of African institutional investors to navigate investing in private equity, venture capital and private credit, and by supporting fund managers through their capital raising, deployment and exit journey.
Programmes delivered through the AVCA Academy will have Continuing Professional Development (CPD) certification, demonstrating the credibility of the institution and its programmes.
Participants will be able to discover the opportunities and challenges involved in investing in Africa through real-life, practical case studies. Through the synchronised learning platform, participants will also be provided with detailed resources to support independent learning.
The AVCA Academy is an educational institution that will provide bespoke content through an immersive and blended learning approach for both remote and classroom-based participants involving subject matter and industry experts from across Africa.
“The AVCA Academy is our solution to the increasing need for a platform to support first-time fund managers through the fundraising and investment lifecycle. We believe that education is the key to unlocking growth in this sector,” Abi Mustapha-Maduakor, Chief Executive Officer at AVCA said.
“Education should provide the inspiration and support needed to get African private equity on track to shape an economic global powerhouse of the future.”
“African institutional investors currently have less than 1% invested in private equity as an asset class so there is work to be done to unlock domestic capital. African pension funds have an additional US$29 billion to invest in PE which could double the size of the African PE industry.”
The AVCA Academy is currently sponsored by FSD Africa – a specialist development agency supported by UK Aid, working to build and strengthen financial markets across sub-Saharan Africa.
“FSD Africa is pleased to partner with AVCA on this innovative e-learning platform. Leveraging an e-learning platform to deliver high-quality training and knowledge development is particularly relevant given the ability to transcend barriers such as travel restrictions due to COVID-19 and high costs associated with physical training sessions,” Evans Osano, Director – Capital Markets at FSD Africa said.
“We believe it will be essential in unlocking a growing institutional investor base in Africa to invest in transformative sectors through private capital markets.
“Through the Africa Private Equity and Debt Programme, FSD Africa is also supporting research, the development of policy and regulations aimed at improving access to private capital and supporting demonstration transactions.”
Through this institution, fund managers will receive support around fundraising, value creation, and ESG, while institutional investors will receive support for fund manager evaluation, governance, and reporting.
Professional services firms including law firms, fund administrators and industry regulators will also be provided with legal agreement training, GP/LP relationship management, and regulator training.