Launches & Closures Hedge Funds

Greylock joins U.S. government in African venture


New York-based Greylock Capital is forging ahead with a new Africa fund with the backing of the U.S. government’s Overseas Private Investment Corp. The emerging markets specialist also has plans for a Latin American fund along similar lines.
The Africa fund has commitments of $77 million. Greylock is aiming to raise $200 million to $300 million over the next few months, investing in niche lending opportunities and mezzanine debt in sub-Saharan Africa where parts of the capital structure are being ignored.
Headed by ex-Lehman emerging markets trader Hans Humes, Greylock started operations in 1995, specializing in distressed and undervalued global