African Infrastructure Investment Managers (AIIM) Completes First Close of 4th Fund At $230 million.

Africa Infrastructure Investment Managers, an infrastructure private equity firm with $2.8 billion in assets under management (AUM), has successfully completed the initial closing of its African Infrastructure Investment Fund 4 (AIIF4) at $230 million, with a target size of $500 million.

Some Context : The fund, which has a 13-year term and a 5-year investment period, has attracted interest from international investors, with the African Development Bank recently committing a $20 million equity investment. AIIM holds a prominent position as an investor in Africa's infrastructure sector, presenting substantial investment opportunities amidst the continent's ongoing struggle to bridge its annual financing gap of $68 to $108 billion.

The bottom line : Africa's burgeoning population, rapid urbanisation, and increasing demand necessitate private capital to bolster infrastructure development across the continent. Notably, recent years have witnessed a growing focus on digital infrastructure and renewable energy, both indicative of the increasing deal flow in these sectors and the associated sustainable potential.

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