Mubadala, Bpifrance set to invest US$415m in African private equity funds

AFRICA – Abu Dhabi sovereign wealth fund Mubadala Investment Company and French public investment bank Banque Publique d’investissement (Bpifrance) have teamed up to invest as much as €350 million (US$415m) in Africa-focussed private equity and venture capital funds. The co-investment partnership will focus on regional, multi-country and pan-African funds and fund managers with a proven track record, Mubadala and Bpifrance said in a joint statement. This partnership will look to deploy money that will eventually be invested in high-growth African small and medium enterprises (SMEs) as well as startups, the…

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