2023 African Private Capital Industry Survey

Behind the Scenes: LP and GP Perspectives Unveiled

Executive Summary

This marks the third edition of the AVCA’s Private Capital Industry Survey, offering a comprehensive exploration of the perspectives, plans, preferences, and expectations of 88 investors, including both Limited Partners (LPs) and General Partners (GPs) actively involved in Africa’s private capital industry. 

Diverging from previous editions, this survey deliberately weaves a comparative narrative, contrasting insights gathered from investors during the second half of 2022 with the tangible outcomes extracted from AVCA’s quarterly report by the close of Q3 2023. 

Unlike its predecessors, the survey strives to bridge the gap between investors’ foresights and the unfolding realities. Approaching the conclusion of 2023, the survey seeks to answer the critical questions: did the actual events align with or challenge the investors’ expectations and plans? Did the unfolding reality validate or question their initial views?

We look forward to hearing your thoughts