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IQ-EQ assists Nairobi-based Centum Capital with second fund launch

IQ-EQ has been appointed by Centum Capital, a Nairobi-based private equity manager, to support the launch of Centum Capital Fund II in 2020.

Centum Capital 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 Investment Company Plc, a leading East African investment company listed on the Nairobi Securities Exchange and Uganda Securities Exchange.

Leading this key client relationship for IQ-EQ is funds director Jack Standen, who commented:

“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.”

Mr. 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.”

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, we now offer a full suite of fund services to the African private equity sector via our presence in South Africa, Kenya and Mauritius, with 380+ local staff.

IQ-EQ and Centum Capital also came together last month at SuperReturn Africa, where IQ-EQ’s J.P. Harrop chaired a lively panel discussion on the market for secondaries in Africa, while Centum’s CEO, Dr. James Mworia, moderated a fascinating session discussing the current lack of exits in African private equity.