Fund vehicle

Neoma Africa Fund III

Compiled from public sources

The Neoma Africa Fund III, also known as Abraaj Africa Fund III, is a closed-end private equity fund that provides growth and buyout capital to mid-sized businesses in Sub-Saharan Africa. The fund seeks to capitalise on Africa's expanding economy by targeting well-managed, mid-market leaders in defensive sectors, including consumer goods and services, financial services, healthcare, and resource and infrastructure services. The fund closed at US$990 million and is designed to develop regional champions by providing strategic and managerial support to portfolio companies. Its core investment regions are Nigeria, Ghana, South Africa, Côte d'Ivoire, and Kenya.

Manager

Actis

Vintage

2015

Strategy

Private Equity

Target size

$800m

Size

$990m

Status

Closed