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US$320mn pan-African infrastructure fund, AIIF3 unveiled

African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers, has announced the final close of its flagship pan-African infrastructure fund, AIIF3, which raised US$320mn from a diverse investor base across Africa, Europe and Asia.

Since inception, AIIM has raised cumulative commitments of US$2.2bn over 7 funds and executed more than 56 transactions in target pan-African markets.

With a focus on diversification and predictable cash flows, AIIF3 targets significant influence investments across the power, transport and midstream energy sectors in Sub-Saharan Africa – areas with the biggest disconnect between demand for critical infrastructure and supply of available capital.

The Fund focuses on mid-market opportunities in these sectors, a space which is less competitive and carries less execution risk than the larger marque deals; gaining exposure to opportunities in countries with high growth prospects but lacking the scale to support mega deals.

A key …