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Nation Media Group’s retirement scheme commits $1mln to ARVF

The Staff Retirement Benefits Scheme of Kenya’s Nations Media Group is committing $1 million to Ascent Capital’s Rift Valley Fund through its fund manager, STANLIB Kenya.  Ascent Capital is targeting $60 million for the fund, and held its first close at $50 million last year.  The latest commitment cements Ascent’s position as one of the few private equity funds to successfully win investment from local pension funds.

Read more at AltAssets…

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