African private equity attracts a lot of attention, but its weight in the global private equity market is still small. Last year, funds focusing on the region raised $4.2 billion, over twice the annual average of the preceding five years, according to the Emerging Markets Private Equity Association. But global private equity flows totaled $486 billion in 2014, according to Preqin, meaning that the African market represents less than 1 percent of the total.