Private equity (PE)'s increasing global influence can be gleaned from the rise of global PE assets under management - US$2.49 trillion as at June 2016; whilst the 'dry powder' held by PE funds rose from US$755 billion in 2015 to US$820 billion in 2016, according to 2017 Preqin Global Private Equity & Venture Capital Report. The 2017 Deloitte Africa Private Equity Confidence Survey established that Kenya and Nigeria are the top investment gateways to East and West African regions. This is premised on Nigeria's stronger return from the
2016-2017 economic recession, and Kenya's positive economic outlook.
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