Bob Geldof Jumps Into PE, Seeks To Secure $750 Million For African Buyout Fund

Bob Geldof (rock star and philanthropist) and Mark Florman are working together to launch a buyout fund that seeks to raise $750 million, Financial News reported. The vehicle will make investments in Africa and will target agribusinesses, financial services and telecommunications companies, according to a statement from NL EVD International. Florman previously worked for U.K. buyout shop Doughty Hanson.