AIIM closes its largest Pan-African infrastructure fund at $748 million

African Infrastructure Investment Managers (AIIM), renowned as the preeminent sustainable infrastructure equity manager on the continent, has announced the successful closure of its fourth pan-African infrastructure fund, the African Infrastructure Investment Fund 4 (AIIF4), amassing a remarkable USD 748 million in commitments.

Surpassing its initial target by an impressive 50%, AIIF4 has drawn a wide array of investments from a diverse cohort of global investors, reflecting the burgeoning confidence in Africa’s infrastructure potential.

The fund is strategically poised to bridge the significant infrastructure deficit in Africa by channeling investments into leading companies within the realms of digital infrastructure, the energy transition, and the transport, ports, and logistics sectors. AIIF4 is set to harness the continent’s escalating demand for these critical services, propelled by swift urbanization and robust economic expansion.

Paul Frankish, AIIM’s Head of Strategic Initiatives, expressed his enthusiasm: “Achieving a fund size beyond our expectations, particularly in a challenging global fundraising climate, is a testament to the steadfast support from our existing backers and the influx of fresh capital. This underscores the escalating confidence in Africa’s infrastructure domain.”

AIIF4 distinguishes itself with a staunch commitment to sustainability and gender equality. The fund is dedicated to achieving decarbonization and enhancing energy efficiency across its investments, aligning with the 2X Challenge to foster gender diversity within its portfolio entities.

Olusola Lawson, AIIM’s Managing Director and Co-CEO, highlighted the continent’s potential: “Africa offers a substantial landscape for sustainable infrastructure investments. With AIIF4’s strategic focus on pivotal sectors and our profound regional expertise, we are poised to generate robust returns for our investors while significantly contributing to Africa’s sustainable development.”

AIIM’s proven investment acumen and its nuanced understanding of the African market solidify its position as a driving force in advancing sustainable infrastructure development throughout the continent.