1、AFRICAN PRIVATE CAPITAL ACTIVITY REPORTAPRIL 2025PUBLIC VERSION2PRIVATE CAPITAL IN AFRICA REPORT 2025 AVCA|April 2025|www.avca.africa Table of Contents2024 KEY FACTS 3EXECUTIVE SUMMARY 4FUNDRAISING 61.1 Private Capital Fundraising in Africa 61.2 Concentration of Capital 91.3 Origin of Fundraising 12

2、1.4 Interim Closes 151.5 Fund Evolution from Launch to Final Close 16INVESTMENTS 172.1 Private Capital Dealmaking Activity:A Global Comparison 172.2 Private Capital Dealmaking Activity in Africa 182.3 Private Capital Dealmaking by Ticket Size 202.4 Private Capital Dealmaking by Asset Class 222.5 Pri

3、vate Capital Dealmaking by Geography 242.6 Private Capital Dealmaking by Sector 282.7 Dry Powder in Africas Private Capital 30PRIVATE CAPITAL EXITS IN AFRICA 323.1 Private Capital Exits:Africa in the Global Context 323.2 Private Capital Exits by Exit Route 333.3 Private Capital Exits By Sector 343.4

4、 Private Capital Exits by Region 353.5 Holding Periods 36RESEARCH METHODOLOGY 37NewNew3PRIVATE CAPITAL IN AFRICA REPORT 2025 AVCA|April 2025|www.avca.africa US$5.5bnwas invested across 485 reported deals in 2024,representing an 8%year-over-year increase by deal volume and down 7%by deal valuePrivate

5、 Capital Exits were reported in Africa,marking a significant 47%year-over-year increase63Financials remained the most active sector,accounting for 23%of total deal volumes and 33%of deal values,while Consumer Staples showed tremendous growth in recent yearsSouthern Africa continued to stand out as a

6、 top destination for investments in Africa,attracting US$2bn in private capital invested across 129 deals,leading the region to account for 27%of total deal volume and 36%of total deal valueSales to Trade buyers remained the primary exit route,accounting for 41%of total exit volume,while Secondaries