Emerging Managers Forum – Africa

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The Ai Emerging Managers Forum (AiEMF), is a unique international platform for emerging managers and investment leaders, to share industry best practice, improve governance standards and assist African and US asset owners connect with and support emerging managers through their international allocations and knowledge networks.

The AiEMF is a response to the growing demand from asset owners in Africa and the US to extend their programs and best practice, to support and engage emerging managers– especially local African emerging managers that can handle US international allocations and American emerging managers that can handle African international allocations

The AiEMF was inspired by and builds on the work of the Ai Sovereign Wealth and Pension Fund Leaders Forum, which brings together Africa’s leading and largest asset owners, to engage with global asset owners and development nance partners on co-investments and institutional investment trends in Africa.

Extract from Vol 15 Issue 2

Capital Markets play a critical role in economic development by pooling domestic savings and mobilizing foreign capital for investment. Most of Sub-Saharan Africa’s capital markets remain largely nascent, with low equity and bond activity across many markets.    

This is driven by few listings, small ticket sizes, limited secondary activity, and a low level of savings to encourage investments. This report argues for a focus on coordination in regulatory policy, diversi cation of nancial products and capacity building of Africa asset managers as key initiatives for supporting capital markets development in Africa. While these recommendations are part of the common currency of ideas on this topic, the proposal for the way to achieve these objectives represents a new approach: linking African and US emerging fund managers as partners.

As a structure, this report presents: i) a brief overview of recent insights regarding capital markets development and supporting international efforts focusing on Africa ; ii) summary of the pro le of US and Africa emerging fund managers and the business environment in which they operate; iii) the opportunity set for an international emerging fund manager partnership; iv) an initial plan for structuring a US-Africa emerging fund managers program.