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Carlyle Africa sails to $700m

Carlyle, Marlon ChigwendeSouth Africa - Managing Director
Carlyle’s maiden Africa-focused fund will reach $700 million by 2013 year-end, as it races towards its final close in the first quarter of 2014.

The Carlyle Sub-Saharan Africa fund (CSSAF) had originally set out to raise $500million, and has therefore already significantly surpassed its original target, underscoring LP investor appetite for the continent.

The fund which has already touched the $650million mark is expecting at least $50million more before the year closes. The vehicle becomes one of few maiden Africa-focused vehicles that has in recent times sailed past its target ahead of final close.

More details about Carlyle Africa, please read here.

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