Insparo Asset Management has started a new Africa-focused hedge fund, FINalternatives reports. The Insparo Africa Equity Fund aims to capitalize on growth potential of African businesses and the rise of the continent’s consumer culture.
The new vehicle will invest in market companies aimed at the consumer space across North Africa and Sub-Saharan Africa and will also invest in South African equities. The strategy, which was launched with initial capital of $7.5 million, will be soft closed at $250 million.
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