Capitalworks Starts New $300m Sub-Saharan Africa Investment Co

Asset manager Capitalworks Group launches Africa Capitalworks to “deploy permanent equity capital in mid-market companies in strategically selected sectors across Sub-Saharan Africa,” excluding South Africa, company says in emailed statement.

* Africa Capitalworks aims to raise $300m and has secured support, investment from groups including the CDC, the U.K.’s development finance institution, and the Public Investment Corp. on behalf of the South African Government Employees Pension Fund;
* Africa Capitalworks is led by joint Managing Partners, Beth Mandel and Nana Sao. Source: Bloomberg