East Century Capital Limited, a Hong Kong based family office, is reported to have secured a $129M commitment to its 2024 growth equity allocation from its longtime sole investor, the Fu family trust.

The firm focuses on private investment opportunities throughout sub-Saharan Africa, with previous transactions in energy, logistics and development stage real estate.

As the web of commercial ties supporting sub-Saharan African markets continues to skew eastward, our objective in 2024 is to attract 8-10 exceptional candidates for growth equity from the region, according to William Xie, a managing director.

Since East Century was founded in 2017, it has bet on increasing economic ties between sub-Saharan Africa and markets in Asia.