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Rockwood looking for $500mln for next fund

According to reports last week, Rockwood Private Equity is looking to raise its next fund towards the end of the year.  Andrew Dewar, the firm’s Managing Partner has told Business Day that the buyout company is looking to raise as much as $500 million to put to work in South African industrial and services companies. Rockwood’s first fund delivered an internal IRR of 30%, which should help winning commitments for the new fund once it starts being raised later this year. London-based FirstPoint Equity has won the mandate to lead the fundraise.

 Read more at Business Day…

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  1. Weekly Wrap, March 14th, 2016; IHS, Convergence, Rockwood And Others Make Private Capital News Last Week | Africa Capital Digest

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