Greylock focuses on Africa with OPIC backing
New York-headquartered Greylock Capital is raising money for its new Greylock Africa Opportunity Fund, having gone to first close with commitments of $77 million, including from the Overseas Private Investment Corp, the developmental agency of the US government.
PSGAI launches multi-strategy fund
Cape Town-based PSG Absolute Investments has launched its PSG Multi-Strategy Fund, a blend of the four South African single-strategy hedge funds it manages from its dealing room in the Constantia winelands. The new fund targets reliable absolute returns with low volatility uncorrelated with traditional asset classes.
Thames River goes live with Africa fund
London-headquartered fund of hedge funds provider Thames River Capital has launched its Thames River Africa Focus Fund, allocating $15 million to 10 Africa managers as of July 1, making it one of the first big multi-manager players to tap into the African markets.