Institution: British International Investment
Headquarters: London, UK
AUM: €5.2 billion
Fund 4, managed by African Infrastructure Investment Managers (AIIM), will invest into the industrial, clean tech and renewable opportunities across sub-Saharan Africa. The fund has raised $116 million to date and is targeting $500 million. The vehicle’s predecessor closed in May 2019 at $320 million.
Since inception in 1999, AIIM has successfully raised seven infrastructure vehicles across sub-Saharan Africa.
As illustrated below, BII’s recent private equity commitments have focused on sub-Saharan Africa vehicles with growth equity returns.
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