AfricInvest raises over $400m for its African Midcap focused Fund

AfricInvest raises over $400m for its African Midcap focused Fund

AfricInvest has announced the final close of its AfricInvest Fund IV with total commitments of $411m. Launched two years ago with a hard cap of $400m, AfricInvest IV (AF IV) received investment from new and returning institutional investors, development finance...
Blackstone Nears About $5bn Deal for Advarra

Blackstone Nears About $5bn Deal for Advarra

Private equity firm Blackstone Inc. is nearing a deal to buy Advarra Inc. from Genstar Capital in a transaction that would value the drug-research services firm at about $5bn, according to a people with knowledge of the matter. A deal could be announced in the coming...