The Milost Monster!

Milost Global, an Africa-focused private equity firm with Manhattan marble bathrooms has announced it will start shaking the tin for a planned multi-billion-dollar fund, to be Christened the Isolo Fund I.

In total, the fund is targeting a staggering US$5 billion of equity cheddar. Even without leverage (which, granted, is not for the faint hearted in emerging markets) it is quite a sum and will keep the origination team quite busy. Presumably with a fund this size there might be enough fees to cover a few salaries, New York office rental costs notwithstanding.

The team leader of this huge fund is Tiny. Tiny Diswai; who says the group will focus initially on sectors similar to those where they currently have investments: real estate, healthcare, energy, construction, transport and logistics sectors.