New York-headquartered Greylock Capital is raising money for
its new Greylock Africa Opportunity Fund, having gone to first
close with commitments of $77 million, including an allocation
from the Overseas Private Investment Corp, the developmental
agency of the US government.
The fund focuses on sub-Saharan Africa and Greylock is aiming
for assets of $200 million to $300 million this year. It
targets annual returns of a net 20% via niche lending
opportunities and mezzanine debt.
Headed by ex-Lehman emerging markets trader Hans Humes,
Greylock started operations in 1995, and...