All posts tagged 8 Miles

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8 Miles seals Eleni deal

8 Miles has finally signed on Eleni & Associates, an Ethiopia-based business services company – as previously reported by Private Equity Africa.

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Fundraising falls flat at $1.3bn

Private equity players on the fundraising trail found a difficult market in 2012, raising the lowest African commitments for four years, according to preliminary Preqin data. GPs’ fundraising efforts fell to

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8 Miles set to seal first deal

8 Miles is expected to soon close its first deal, backing Ethiopia-based business services company, Eleni & Associates. The private

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Morgan Stanley & IFC inject $5m in Eleni

Morgan Stanley and the International Finance Corporation (IFC) have partnered on a $5million equity injection into Eleni & Associates, an Ethiopia-based business services company. The

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Moremong leaves 8 Miles

Tshepidi Moremong has left 8 Miles to join South Africa-based Rand Merchant Bank (RMB). Moremong joined the 8 Miles as principal in 2010, and was based in London before

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8 Miles gets $50m from CDC

8 Miles has received a $50million commitment from UK development finance investor CDC Group. CDC joins the International Finance Corporation (IFC) and African Development Bank (AfDB), which were key

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8 Miles hires Weil Gotshal for fundraising

8 Miles  has mandated legal firm Weil Gotshal & Manges  to work on the fundraising of its $450m maiden fund, according to a report by Legal Week. 8 Miles is understood to

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8 Miles hits $200m first close

UK-based Miles has reached the first close of its maiden pan-African private equity fund at $200million, as it works towards a revised $450million final target. 8 Miles received its

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Shopping locally

David Ashiagbor [pictured], economic adviser in the Economic Affairs division of the Commonwealth Secretariat, and Tshepidi Moremong, co-chair of the board of directors at the Africa Venture Capital

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Weighing up ESG

Environmental, social and corporate governance (ESG ) standards are increasingly becoming a focal point for global commercial limited partners. However, a tailored approach may have to be adopted