Venture Partners looks for second fund

Friday, November 23, 2007

FRANCISTOWN: Venture capital and private equity fund management firm, Venture Partners Botswana (VPB),which currently manages the CEDA Venture Capital Fund, is in the process of raising money for a second fund which will be capitalised to the tune of 150 million euros.

VPB Marketing Associate Diphuka Maganu told Business Week that the new fund aims to achieve its first close in June 2008 on 60 million euros, and they anticipate that 60 percent of the capital will be from Botswana.

Maganu said the private equity firm intends to invest across the region in countries such as Zambia, Namibia and Angola.

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