非洲私募股权和风险投资协会（AVCA）：2014年拓宽视野：私募股权投资者如何创造价值？（英文版）

The contents of this second study back up our findings from 2013. We have collected more data over a longer time period, making our findings more statistically valid. While exits were down in 2013, between 2007 and 2013 we recorded a total of 207 realizations by African private equity fund managers for transactions with an entry enterprise value of at least US$1m. We have reinforced the view that the African PE industry is maturing fast and moving out of its infancy. This is apparent in a num