Research & Publications
19 December 2023
2023 African Private Capital Industry Survey
This marks the third edition of the AVCA’s Private Capital Industry Survey, offering a comprehensive exploration of the perspectives, plans, preferences, and expectations of 88 investors, including both Limited Partners (LPs) and General Partners (GPs) actively involved in Africa’s private capital industry.
Research & Publications
12 September 2023
UNLOCKING THE POTENTIAL OF DIGITAL PAYMENTS IN AFRICA:
A Comparative Analysis of Regulatory Sandboxes and Payment Service Providers
Research & Publications
31 August 2022
SDG 7: Affordable & Clean Energy
This case study highlights African Infrastructure Investment Managers’ investment in Starsight Energy, a leading Commercial & Industrial solar power supplier in Africa. Starsight Energy delivers comprehensive, end-to-end solar solutions that help businesses reduce annual energy costs, boost energy efficiency, and improve their carbon footprints.
Research & Publications
15 April 2021
2021 African Private Equity Industry Survey
AVCA is pleased to present the second edition of the African Private Equity Industry Survey, a study that provides insight into how both LPs and GPs are evaluating the African private equity industry.
Research & Publications
31 October 2017
AVCA 2017 Annual Limited Partner Survey
AVCA is delighted to present the fourth edition of the AVCA Limited Partner (LP) Survey, which examines global investor views about private equity in Africa and return expectations in an evolving industry. Given the evolving global geopolitical landscape, it is more important than ever to undertake investor outreach in order to identify consensus views that will impact our industry. This year’s report finds that despite its challenges, LPs continue to see the appeal of African private equity.
Research & Publications
5 April 2017
PE Exits in Africa 2017
AVCA is pleased to announce the publication of the 2017 Exit Study, How private equity investors create value. Presented by EY and AVCA, the study examines PE exits between 2007–16 using data drawn from both public sources and confidential interviews with former PE owners of exited businesses.
Research & Publications
4 April 2017
Sector Snapshot: Infrastructure 
AVCA is pleased to announce the publication of its latest report - Sector Snapshot: Infrastructure. The Snapshot provides a concise overview of private equity activity in the infrastructure sector from 2011 - 2016.
Research & Publications
1 November 2016
AVCA Spotlight on East Africa Private Equity
AVCA is pleased to announce the publication of the Spotlight on East Africa Private Equity. The report provides a summary of recent private equity transactions, exits and fundraising activity in the region. Our findings show that PE activity in East Africa is rising with 158 reported transactions between 2007 – 2014 and deal values totaling US$1.5bn.
Research & Publications
31 October 2016
AVCA Country Snapshot: Ethiopia
AVCA is delighted to announce the publication of the Country Snapshot: Ethiopia. Drawing on data from AVCA’s proprietary databases, the Snapshot provides a broad overview of the private equity landscape in Ethiopia.
Research & Publications
1 October 2016
Sector Snapshot: Infrastructure
AVCA is pleased to announce the publication of its latest report - Sector Snapshot: Infrastructure. The Snapshot provides a concise overview of private equity activity in the infrastructure sector from 2012 -2015.
Research & Publications
28 April 2016
AVCA Limited Partner Survey
AVCA is pleased to announce the release of the third edition of its Limited Partner Survey, which provides insights into the views, plans and expectations of a diverse range of LPs from across the globe.
Research & Publications
27 April 2016
PE Exits in Africa 2016
AVCA is pleased to announce the publication of the 2016 exit study, How private equity investors create value. Presented by EY and AVCA, the study examines PE exits between 2007–15 using data drawn from both public sources and confidential interviews with former PE owners of exited businesses.
Research & Publications
1 October 2015
AVCA Spotlight on East Africa Private Equity
AVCA is pleased to announce the publication of the Spotlight on Southern Africa Private Equity. The report provides a summary of recent private equity transactions, exits and fundraising activity in the region. Our findings reveal that 341 PE deals were completed in the region between 2007 and 2014 with a combined value of US$6.7bn.
Research & Publications
29 April 2015
PE Exits in Africa 2014
The update to the 2013 AVCA and EY’s study Broadening horizons: how do private equity investors create value? highlights a strengthening market for private equity exits in Africa. Private equity firms exited 40 companies between 1 January and 31 December 2014, a 38% increase from 29 exits in 2013.
Research & Publications
25 April 2015
AVCA Limited Partner Survey
AVCA is pleased to present the second edition of the Limited Partner Survey. The purpose of this report is to provide stakeholders with views, plans and expectations on private equity in Africa from the Limited Partner’s (LP’s) across the globe.
Research & Publications
24 April 2014
Broadening Horizons: How do Private Equity Investors Create Value?
This is the second of our annual studies of how private equity (PE) investors create value in Africa. In our inaugural report, we countered popular opinion about PE in Africa to prove that the industry was making excellent progress in exiting its portfolio companies. We also provided evidence of genuine value creation by PE firms in the region through hands-on involvement in the companies they back.
Research & Publications
23 April 2013
Harvesting growth: How do PE Investors Create Value?
This joint research piece, looking at value creation through exit deals across Africa, provides an answer to the commonly asked question “are there exits in Africa?” The continent’s stock markets, other than the Johannesburg Stock Exchange, are still very small and relatively illiquid, and the intermediary networks remain far from complete across the region. As a result, a widely held perception is that exits are hard to achieve and that therefore they are few in number. However, our analysis points to a higher level of exit activity than might be expected.