Capitalworks Raises ZAR2.7 Billion for South African Investments (Sub-Saharan Africa)

Source: Capitalworks

South African alternative asset management firm Capitalworks has raised ZAR2.7 billion (approximately US$275 million) for Capitalworks Private Equity Fund II. The fund, which was oversubscribed, attracted commitments from global institutional investors, high net-worth families and charities. Capitalworks plans to invest in mid-market South African companies operating in sectors such as healthcare, education, financial services and fast-moving consumer goods.