David Bonderman, the co-founder of A US based private equity firm TPG last week met in the capital Kigali with President Paul Kagame where the two leaders discussed conservation efforts across the continent.
“President Kagame received a delegation led by David Bonderman, co-founder of TPG, to discuss conservation efforts across the continent,” the Presidency said.
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Created in 1992, TPG has become a leading global alternative asset manager with U$135 billion in assets under management.
TPG has been present in Africa for over eight years, for example, in 2015, TPG Growth and Satya Capital Limited, an independent investment firm focused on Africa announced they were looking to identify and invest in African companies and entrepreneurs open to investment partners that can help them scale within and beyond the continent.
TPG Growth at the time said wanted to invest up to U$1 billion in African companies while Satya Capital will put forward U$300 million to U$400 million.
The investment partnership will look into investment opportunities in healthcare, TMT ( Technology media and Telecommunication), consumer and financial services.
Satya Capital Limited’s founding chairman is Sudanese national Mo Ibrahim.
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“The African economy is just starting to realise its potential, and there are businesses and entrepreneurs across the continent that will thrive with the right operational support and access to global markets. I believe this partnership will give African entrepreneurs a very powerful platform,” Mo Ibrahim said.