Private Equity Manager AIIM Completes Its Capital Increase Of US$80m For Its AIIF3 Fund

AFRICA – Private equity manager African Infrastructure Investment Managers (AIIM) has successfully completed a capital increase of US$80 million for its flagship African Infrastructure Investment Fund 3 (AIIF3) fund.

The capital increase takes the total commitments for AIIF3 to US$400m and represents one of the largest capital raises closed for an African fund since the advent of the COVID-19 pandemic.

Read also: Does Your Startup Need Venture Capital Money?

“We are delighted with the continued faith placed in AIIM’s strategy for AIIF3 by some of the most experienced African fund investors. AIIF3 continues its strategy of targeting mid-market opportunities, focusing on executing deals in the US$20m-60m range – a space we believe is less competitive and carries less execution risk than some of the large-cap deals,” Paul Frankish, Investment Director at AIIM, said.

“This allows us to consider strategic deals in countries with high-growth prospects and sectors that have shown greater resilience to COVID-19 impacts, without being limited to a smaller grouping of countries with the scale to support mega deals.”

Paul Frankish – Investment Director, AIIM

AIIF3 was established to continue the mandate and strategy developed for AIIM’s AIIF2 fund by targeting infrastructure investments in the power, transport, digital infrastructure and midstream energy sectors across sub-Saharan Africa.

To date, the fund has concluded investments in nine assets, with the additional commitments expected to be deployed across a further two transactions in the energy and digital infrastructure sectors as well as the growth requirements for existing platforms within the portfolio.

Supported by the focus on mid-market deals with shorter construction periods, seven of the assets in the AIIF3 portfolio are already operational and delivering in line with their original investment thesis, with a further two assets expected to commence commercial operations in early 2021, moving the fund into the yielding stage.

This image has an empty alt attribute; its file name is image-16.png

AIIF3 achieved first close in May 2017 with four subsequent closes concluded before a final close in May 2019. The capital increase was open to existing LPs and closed in mid-November 2020.

AIIM has offices in Lagos, Abidjan, Nairobi, Cape Town and Johannesburg.

Read full article here

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

Guest Contribution, GFA Attract & Application Portal For Funding

This image has an empty alt attribute; its file name is image-35.png

GFA Attract Interview

Katherine (Kate) Pam is a seasoned Business Consultant and Social Entrepreneur with over 17 years of experience in consulting, oil and gas and financial services sectors. She is Group CEO of The Stalwart Group, which comprises three thriving subsidiaries. Watch Here

GFA Attract Interview

In this Episode of GFA Attract we interviewed Efemini Awosika who is the CEO of Robert &John and Efemini Academy, shehas worked professionally for several years, schooled in different continents and obtained a number of degrees now an entrepreneur. Watch Here

Apply For Funding

GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here

Follow Us

See the source image
See the source image

“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight, every winner has scars. The men who succeed are the efficient few –they are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.”

– Chris Kirubi, Centum Investment, Kenya

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button