Helios Raises $900M For Africa PE Fund

Helios Investment Partnershas raised a total of $900 million for a new African portfolio,The Wall Street Journalreports. TheHelios Investors IIwill allocate $25-250 million of equity for various forms, such as business formations, growth equity investments, structured investments in listed entities and large, leveraged acquisitions.

This is the second portfolio of Helios to invest in Africa. The new fund will focus on high-growth sectors that have been deregulated, such as technology, media and telecommunications, financial services, power and utilities.

Click here for the story fromThe Wall Street Journal.

Click here for additional coverage fromCity A.M.