Emerging Capital Partners launches $750m fund

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africaPrivate equity firm Emerging Capital Partners (ECP) is reportedly targeting $750m for its fourth pan-African fund.

The news was reported by PeHUB, which cited placement and LP sources.

The firm closed its previous vehicle, Emerging Capital Partners Fund III, on $613m, making it the largest ever growth equity fund targeting Africa.

ECP has raised a total of $2bn across seven funds and has backed 50 companies, having exited 20.

Last month ECP bought a 33 per cent stake in Algerian bottling company Atlas Bottling Corp from Group Mehri.

in December ECP made a return of 2.6 times from the sale of Ivory Coast-based mobile network operator MTN Côte d’Ivoire.

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