London based Helios Investment Partners is planning to raise a fund of about $1.25 billion to invest across Africa.
According to Bloomberg, the Africa focused company is already in talks with asset managers and development agencies. The company, which manages about $3.6 billion, closed a $1.1 billion Africa-focused fund in 2015 after exceeding a $1 billion target.
Led by Tope Lawani and Babatunde Soyoye, Helios could start the fund this year, but is no rush to do so.
Investing exclusively in Africa, Helios investments in Nigeria include Interswitch, ARM, FCMB, Axxela and MallforAfrica amongst others.
