Creation of a one-of-a-kind private capital academy to help boost economic growth in Africa
To support economic and social growth in Africa, the African Private Equity and Venture Capital Association (AVCA) (www.AVCA-africa.org) announced the creation of AVCA Training Academy (“AVCA Academy ”) to provide professional development in private investment across the continent. This is a first of its kind in the industry and aims to support private investment professionals interested in Africa, by providing an agile and innovative learning platform tailored to the dynamic and diverse market. of Africa.
The AVCA Academy will play a key role in catalyzing investment in the asset class by strengthening the capacity of African institutional investors to navigate private equity, venture capital and credit investments, and supporting fund managers. throughout their fundraising, deployment and exit journey. The programs offered by the AVCA Academy will have continuous professional development (CPD) certification, demonstrating the credibility of the institution and its programs.
Given the lack of capital diversity of institutional investors in Africa-focused private equity and venture capital funds to date, it is essential that the AVCA Academy. Participants will discover the opportunities and challenges of investing in Africa through concrete and practical case studies. Through the synchronized learning platform, participants will also receive detailed resources to support independent learning.
The AVCA Academy is an educational institution that will deliver tailored content through an immersive and blended learning approach for distance and classroom participants involving subject matter and industry experts from across Africa.
Abi Mustapha-Maduakor, Managing Director of AVCA say it AVCA Academy is our solution to the growing need for a platform to support new fund managers throughout the fundraising and investing lifecycle. We believe education is the key to unlocking growth in this sector. Education should provide the inspiration and support needed to put African private equity on the right track to shape a global economic powerhouse of the future. “
She added, “African institutional investors currently have less than 1% invested in private equity as an asset class, so there is work to be done to unlock domestic capital. African pension funds have an additional US $ 29 billion to invest in the PE, which could double the size of the African PE industry.
The AVCA The Academy is currently sponsored by FSD Africa – a specialized development agency supported by UK Aid, which works to create and strengthen financial markets in sub-Saharan Africa.
Evans Osano, Director – Capital Markets at FSD Africa said: “FSD Africa is happy to partner with AVCA on this innovative e-learning platform. Leveraging an e-learning platform to deliver high quality training and knowledge development is particularly relevant given the ability to transcend barriers such as travel restrictions due to COVID-19 and the high costs associated with physical training sessions. We believe it will be essential to unlock a growing base of institutional investors in Africa to invest in transformative sectors through private capital markets. Through the Africa Private Equity and Debt Program, FSD Africa is also supporting research, policy development and regulation aimed at improving access to private capital and supporting demonstration transactions.
According to AVCAAs part of the annual Africa PE data monitoring 2020, between 2015 and 2020, the total value of the 1,257 reported PE transactions in Africa reached $ 21.7 billion. While transaction volumes have maintained an upward trend, their value has gradually increased.
relaxed, suggesting growing investor interest despite smaller deals. Still, this is a small step on a long road to further growth in the asset class.
Through this institution, fund managers will receive support around fundraising, value creation and ESG, while institutional investors will benefit from support for the assessment, governance and reporting of fund managers. Professional services firms, including law firms, fund administrators and industry regulators, will also receive training on legal agreements, GP / LP relationship management and training on regulators.
“The type of training provided by the AVCA Academy will help catapult private investment to Africa and ultimately increase gross domestic product (GDP) and economic growth across the continent, ”added Mustapha-Maduakor.
The AVCA The Academy is coming soon. If you would like to know when it will launch, please fill out the form (https://bit.ly/2XQlUNL) to indicate your interest.
Distributed by APO Group on behalf of the African Private Equity and Venture Capital Association (AVCA).
The African Private Equity and Venture Capital Association is the pan-African industry body that promotes and enables private investment in Africa. With a global and growing member base, AVCA members include private equity and venture capital firms, institutional investors, foundations and endowments, pension funds, international development finance institutions, professional services firms, universities and other associations.
For more information, contact [email protected]
On FSD Africa:
FSD Africa is a specialized development agency that works to reduce poverty by strengthening financial markets across sub-Saharan Africa. Based in Nairobi, FSD The African team of financial sector experts work alongside governments, business leaders, regulators and policy makers to design and develop ambitious programs that improve the functioning of financial markets for all. Created in 2012, FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. It is funded by UK aid from the UK government.
For more information, contact [email protected]
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