Research & Insights
Data-driven research on African private capital, venture markets, and investment trends.
Q2 2026 Private Capital in Africa Activity Report
This report analyses private market transaction activity across Africa for the second quarter of 2026. It covers growth equity, private equity, private debt, infrastructure financing, and mergers and acquisitions. In Q2 2026, Africa recorded 221 transactions, up 19% from the revised Q1 figure of 185, with transaction value disclosure reaching 69%, the highest in recent comparable quarters. Each transaction in this report is independently verified against at least two third-party sources. For fund managers, institutional investors, DFIs, and corporate decision-makers tracking capital activity across the continent, this is the most current and granular view of where African private capital is being deployed.
July 2026
Q2 2026 GP-LP Fundraising Report
Produced by the Stears research team and derived exclusively from the Stears Funds Database, the Q2 2026 GP-LP Fundraising Report provides an independent, verified analysis of Limited Partner (LP) commitments into African private capital fund vehicles. Covering Private Equity, Venture Capital, Private Credit, and Infrastructure, this edition logs 64 LP commitments and $272M in disclosed value during the quarter. Every data point is compiled from reliable third-party sources and independently verified against at least two independent records. For fund managers, institutional investors, LPs, and DFIs tracking capital formation on the continent, this report offers the most granular read on investor participation, ticket-size distributions, and sectoral rotation in African private capital.
July 2026
Q1 2026 Africa Private Capital Fundraising Report
Produced by the Stears research team and derived exclusively from the Stears Funds Database, the Q1 2026 Africa Private Capital Fundraising Report analyses LP commitments into African private capital fund vehicles across private equity, venture capital, private credit, and infrastructure. The report recorded 78 LP commitments and $870M in disclosed value in Q1 2026, the highest first-quarter volume since 2022 and the highest disclosed value since 2023. Each data point is compiled from reliable third-party sources and independently verified against at least two. For fund managers, institutional investors, LPs, and DFIs tracking capital formation on the continent, this is the most current and granular view of where African private capital is being placed.
May 2026
2025 Africa Venture Capital Exit & Liquidity Report
Produced in partnership with Ventures Platform, the 2025 Africa Venture Capital Exit and Liquidity Report presents the most comprehensive analysis of VC-backed exits ever conducted on the African continent. Drawing on 181 verified transactions spanning 2011 to 2026 and measured through the proprietary Stears–Ventures Platform Liquidity Index (SVL Index), this report gives fund managers, LPs, DFIs, and investors a structured view of how reliably capital is returned in African venture capital.
May 2026
2025 Private Capital in Africa Activity Report
Navigate Africa’s private capital markets with clarity and conviction. The 2025 Private Capital in Africa Activity Report from Stears is the most comprehensive, data-driven analysis of private investment activity across the continent, covering venture capital, private equity, private debt, infrastructure finance, and M&A. Built entirely on verified transactions from the Stears Private Transactions Database, this report analyses 705 deals worth $27.3 billion, unpacking where capital flowed, which sectors gained dominance, and how investor behaviour evolved in a year marked by consolidation, crossover investing, and renewed confidence in scaled platforms. Whether you are sourcing deals, allocating capital, or assessing market risk, this report gives you the context and evidence needed to act decisively.
February 2026
Q3 2025 Private Capital in Africa Activity Report
Stay ahead with Stears’ Q3 2025 Private Capital in Africa Activity Report, the definitive data-driven guide to Africa’s private capital markets. Drawing on verified data from the Stears Private Transactions Database, the report analyses deal activity, sectoral performance, and regional investment trends shaping Africa’s private investment landscape. This report is your competitive advantage in navigating Africa’s dynamic investment environment.
October 2025
Q2 2025 Private Capital Activity in Africa Report
Stay ahead of the curve with Stears’ Q2 2025 Private Capital in Africa Report, the definitive guide to understanding Africa’s dynamic private investment landscape. In Q2 2025, Africa’s private capital markets showed healthy momentum, driven by the return of mega transactions, increased investor focus on commodities and infrastructure assets, and strategic M&A among rapidly scaling startups. This exclusive report provides you with actionable insights, derived from the Stears Private Transactions Database, to help you source deals, assess risk, and navigate investment strategies. This report is your competitive advantage in navigating Africa’s dynamic investment environment.
July 2025
Q1 2025 Private Capital Report
Produced in partnership with the East Africa Venture Capital Association (EAVCA), the Stears Private Capital in Africa Activity Report: Q1 2025 delivers an in-depth analysis of private capital activity across the continent in Q1 2025. This report equips fund managers, investors, and corporate decision-makers with critical data to navigate Africa’s evolving investment landscape.
April 2025
2024 Private Capital in Africa Activity Report
Leveraging Stears' private capital database, The 2024 Private Capital in Africa Activity Report delivers an in-depth analysis of private capital activity across the continent in 2024. This report equips fund managers, investors, and corporate decision-makers with critical data to navigate Africa’s evolving investment landscape.
January 2025
Q3 2024 Private Capital in Africa Activity Report
This report delivers a detailed analysis of Africa’s private market activity, equipping you with insights into the key trends, standout transactions, and emerging dynamics across sectors and regions.
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