Centum Capital, a Nairobi-based private equity manager, has appointed IQ-EQ to
support the launch of Centum Capital Fund II in 2020.
Fred Murimi, Managing Partner of Centum Capital, said: "We’re pleased to be working with IQ-EQ as we busily prepare for the launch of our second fund."
"We chose to appoint IQ-EQ because of the excellent relationship we have built with their team since first meeting in 2018, paired with the strong credibility IQ-EQ has garnered across the African continent. We’ve also very much appreciated the team’s enduring commitment to us throughout an extended RFP process."
Centum Capital, a subsidiary of Centum Investment Company, focuses on growth capital and change of control investments in mid-sized companies operating in several core sectors across East African growth markets.
It is a subsidiary of Centum, an East African investment company listed on the Nairobi Securities Exchange and Uganda Securities Exchange.
Jack Standen, IQ-EQ funds director, said: "We are thrilled to have been appointed by Centum Capital to administer Fund II and look forward to working closely with the Centum team as they continue to harness the exciting and attractive investment opportunities present within the key growth markets of East Africa."
This appointment reflects IQ-EQ’s robust and growing reputation within the African funds market.
Following a series of strategic local and international acquisitions in 2018 and the opening of an office in Nairobi, IQ-EQ now offers a full suite of fund services to the African private equity sector via its presence in South Africa, Kenya and Mauritius, with 380+ local staff.