Aliko Dangote and Carlyle Founders Invest in Upcoming African PE Fund

Nigerian billionaire Aliko Dangote and Carlyle co-founders David Rubenstein and Bill Conway have been named as investors in a new Africa-focused fund.

This comes as Partner Genevieve Sangudi said the private equity firm plans to raise as much as $500 million in the coming months and has garnered $140 million in its first closing.


This is not Dangote’s first partnership with the Carlyle founders. In 2014, Dangote partnered with Blackstone Group to invest $5 billion over the period of 5 years in energy infrastructure projects across Africa.

The deal had a special bias on power, transmission and pipeline projects.
https://businesselitesafrica.com/2023/10/04/aliko-dangote-and-carlyle-founders-invest-in-upcoming-african-pe-fund/