Research & Insights
Data-driven research on African private capital, venture markets, and investment trends.
How the 2026 SuperReturn Africa Awards are scored: the full methodology
SuperReturn Africa is the continent’s biggest and most senior private capital conference. This year it brings more than 700 senior private market professionals, including 200+ LPs and 350+ GPs, to The Westin, Cape Town, from 1st to 3rd December 2026.
October 2026
Q3 2026 Africa Private Capital Fundraising Report
The Q3 2026 Africa Private Capital Fundraising Report analyses fundraising activity across African private capital fund vehicles during the third quarter of 2026. It examines LP commitments, the fund vehicles attracting capital, and funds reaching key fundraising milestones. The report provides insights into the investors, fund types, sectors, and investment geographies attracting capital.
October 2026
Q3 2026 Private Capital in Africa Activity Report
The Q3 2026 Stears Private Capital in Africa Report analyses African private market transactions for Q3 2026. It examines key trends in private investment, offering fund managers and corporate decision-makers insights into the countries, industries, and companies attracting private capital.
October 2026
Stears is the data partner for the 2026 SuperReturn Africa Awards
The partnership brings Stears' private capital data and intelligence to one of Africa's largest gatherings of global investors and fund managers.
September 2026
Q2 2026 GP-LP Fundraising Report
The Q2 2026 Africa Private Capital Fundraising Report analyses LP commitments into African private capital fund vehicles for Q2 2026. It examines key trends in capital formation, providing valuable insights for fund managers and institutional investors on the strategies, sectors, and fund managers attracting LP capital.
August 2026
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.
August 2026
Q1 2026 Africa Private Capital Fundraising Report
The Q1 2026 Africa Private Capital Fundraising Report analyses LP commitments into African private capital fund vehicles for Q1 2026. It examines key trends in capital formation, providing valuable insights for fund managers and institutional investors on the strategies, sectors, and fund managers attracting LP capital.
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
Q1 2026 Private Capital in Africa Activity Report
The Q1 2026 Stears Private Capital in Africa Report analyses African private market transactions for Q1 2026. It examines key trends in private investments, providing valuable insights for fund managers and corporate decision-makers on the countries, industries, and companies attracting private capital.
April 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.
February 2026
Q3 2025 Private Capital in Africa Activity Report
The Q3 2025 Stears Private Capital in Africa Report analyses African private market transactions for Q3 2025. It examines key trends in private investments, providing valuable insights for fund managers and corporate decision-makers on the countries, industries, and companies attracting private capital.
October 2025
Q2 2025 Private Capital Activity in Africa Report
The Q2 2025 Stears Private Capital in Africa Report analyses African private market transactions for Q2 2025. It examines key trends in private investments, providing valuable insights for fund managers and corporate decision-makers on the countries, industries, and companies attracting private capital.
July 2025
Q1 2025 Private Capital in Africa Activity Report
The Q1 2025 Stears Private Capital in Africa Report analyses African private market transactions for Q1 2025. It examines key trends in private investments, providing valuable insights for fund managers and corporate decision-makers on the countries, industries, and companies attracting private capital.
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.
November 2024
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