Aberdeen Asset Management has won allocations from pensions in the UK and US to its frontier markets fund, which is heavily exposed to African markets including Kenya, Nigeria and South Africa.
The Washington State Investment Board (WSIB), which manages a mammoth $84.9bn portfolio, is currently exploring investments in the frontier markets and has made several investments in sub-Saharan Africa via its external managers
CDC, the UK’s £2.8bn ($4.5bn) development finance institution, has invested $50m in 8 Miles, the recently-launched CLSA-backed pan-African private equity fund
The University of Arizona’s $532m endowment fund has increased its target allocation for emerging markets equities in the fiscal year 2012 to include frontier markets
Private equity funding to sub-Saharan Africa has doubled since 2007 and could grow further, playing a greater role in Africa's growth story, but SA's share of this growth continues to dwindle dramatically, according to research
The University of Michigan is to allocate $15m from its long-term portfolio to the Kuramo Africa Opportunity Fund, a $300m fund of funds focusing on sub-Saharan Africa.