Private equity has been a recent and powerful catalyst for economic growth on the African continent, and it shows every sign of continuing to do so. The key to the effectiveness of the private equity model is that, by addressing the funding needs of African companies, it gives its investments a multiplier effect: Private equity not only creates profits for investors (e.g., limited partners, general partners and portfolio companies) but also engenders economic and social benefits for consumers, and has indirect effects on the stability and vibrancy of local and regional economies. At the same time, private equity channels significant flows of international capital into Africa. In other words, whether it is in building sustainable housing or health services options, private equity ultimately offers Africa more than just capital. Furthermore, each private equity success story represents one more step for Africa in its quest to permanently establish itself as a preferred destination for global capital flows.