Carlyle Group: SSA fund closes 40% above target

Global asset manager The Carlyle Group has closed its first private equity fund targeting sub-Saharan Africa at $698m, almost $200m above its initial target of $500m. “The success of the fundraising reflects investors’ appetite for the strong economic growth that the region has experienced over the last decade, as well as the prospects for future economic development across the continent,” said managing director and co-head of the Sub-Saharan Africa advisory team Marlon Chigwende.