Fund Solutions

African Investors Back Infrastructure Acceleration Fund

Pan-African infrastructure investment platform Africa50 has secured US$222.5 million at first close for its Infrastructure Acceleration Fund (IAF). A 12-year closed-ended structure, the IAF is a private equity fund that will invest in infrastructure assets aiming to accelerate Africa’s development and boost job creation. The fund will look to mobilise large-scale and long-term institutional capital from both African and international investors, with goals to deliver risk-adjusted returns through investment in diversified and sustainable infrastructure sectors across the continent. Sixteen African institutional investors participated in this first round of funding, including sovereign wealth funds, pension funds, banks and development finance institutions. Investors included, for instance, the African Development Bank and the International Finance Corporation. The IAF is set to be the first of a suite of new investment vehicles and instruments aiming to funnel further African and global private sector capital into African infrastructure. “We are thrilled to see such strong support from African institutional investors for the Africa50 IAF,” said Alain Ebobissé, CEO of Africa50 Group. “This achievement is a testament to the increasing role that African institutional investors are playing in financing the real economy and being at the forefront of unlocking Africa’s potential.” 

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