The AVCA Investors Sentiment & Outlook report offers forward‑looking perspectives from Limited Partners (LPs) and General Partners (GPs) on Africa’s private capital markets.

The 2025 edition of the annual African Private Capital Activity report provides an in-depth assessment of how the continent’s private capital market evolved and stabilised in 2025. Africa’s private capital market recalibrated in 2025, showing resilience amid global uncertainty. 

This report will be the first instalment in a new series of original research examining gender dynamics across Africa’s private capital ecosystem, which examines gender representation across two levels: the fund level and the portfolio level.