South African private equity firms hope to collect hundreds of millions of dollars from some of the biggest US investors, who are visiting the country this week in a push to increase their investments in African buy-outs. The investors – including Washington State University, Chicago Teachers Pension Fund and Los Angeles City Fire & Police Retirement System – are to spend five days in Johannesburg and Cape Town, hunting for opportunities. Several pension funds on the roadshow – the biggest to date – have no direct investments in African private equity firms.
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