Hedge Funds

Greylock unveils OPIC-backed Africa vehicle


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.

A.J. Mediratta

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 now has around $300 million under