Helios Investment Partners to Boost Sports and Entertainment Investments in Africa

Helios Investment Partners plans to boost investment in sports and entertainment in Africa, capitalizing on the continent's growing youth population and mobile phone usage. The PE firm, which has invested in the NBA Africa, will raise $750 million for its fifth fund, focusing on technological innovation. With the sports economy expected to grow 8% over the next five years, Helios is partnering with the former president of the Toronto Raptors, Masai Ujiri, to build sports and entertainment infrastructure on the continent.