Ex-Carlyle Africa Chief’s firm lands anchor investments for maiden fund

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A new fund managed by Admaius Capital Partners, a private equity firm founded by Marlon Chigwende who headed Carlyle‘s sub-Saharan investment activities between 2011 and 2016, has launched with two anchor investors. The Virunga Africa Fund has secured commitments from the Qatar Investment Authority (or QIA) and the Rwanda Social Security Board (or RSSB), setting it on its path toward its $250 million final goal.

Admaius and the fund are both headquartered in Rwanda’s capital city Kigali, with the fund being domiciled in the Kigali International Finance Centre (or KIFC), a major initiative by Rwanda’s government to position the country as a leading financial destination on the international investment and cross-border transactions on the continent. The Global Financial Services Index rates KIFC as one of the promising and significant financial jurisdictions of the future.

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