Apis Partners Stefanel and Goyal negotiate $60 million LP on the way to third fund
The two partners of the UK fund manager are returning to the forefront of investors after outperforming with their first two vehicles.
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▪ Apis Partners Stefanel and Goyal negotiate $60 million LP on the way to third fund
▪ The two partners of the UK fund manager are returning to the forefront of investors after outperforming with their first two vehicles.
▪ https://www.africabusinessplus.com/en/815383/apis-partners-stefanel-and-goyal-negotiate-60-million-lp-on-the-way-to-third-fund/
This time, they’ve clarified that the final endowment will be $500 million. An ambitious level, but the managing partners – Matteo Stefanel and Udayan Goyal – remain galvanised by the performance of their last investment vehicle. For Apis Growth Fund II, Stefanel, formerly of Abraaj, and Goyal, ex-Deutsche Bank, set out to raise $400m. Three years later, in December 2019 and just before the Covid pandemic, the pair managed to raise $563 million, signing one of the year’s best results for the African continent.
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