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NewGenAngels Looking To Raise $4.5 Mn Sidecar Fund

NewGenAngels, which last month hosted the Africa Business Angel Forum, plans to raise a sidecar fund to the tune of  US$4.5 million for the funds. The funds will allow venture partners to participate in deals by co-investing with leading investors across the continent. The funds will also be open to non-members. NewGenAngels said the idea for the funds had sprung from the fact it had missed out…