Kingdom Holding Company said Asian investment group Temasek Holdings is set to invest $75 million into Pan-African Investment Partners II Limited (PAIP II), a fund managed by Kingdom Zephyr Africa Management Company (KZAM).KZAM, a leading pan-African private equity firm, is a joint venture between KHC (which owns 75 per cent) and New York-based asset management firm Zephyr Management.
Singapore-based Temasek has made the fund commitment through Fernvale Investments(Mauritius), its wholly owned indirect subsidiary, KHC chairman Prince Alwaleed bin Talal said in a statement. Full Story
