TPG Growth and Satya Capital Establish a Partnership to Invest in Africa (Sub-Saharan Africa)
Source: Satya Capital, TPG Growth, Reuters
TPG Growth, the global middle market and growth equity platform of TPG, and Satya Capital, an Africa-focused independent investment firm, have established Satya-TPG, a special purpose vehicle focused on new investments in Africa. TPG Growth has committed up to US$1 billion to the vehicle, while Satya intends to commit between US$300 million and US$400 million. The firms will target investments in a broad range of industries including healthcare, technology, media, telecommunications and consumer and financial services.