AIIF3 two-thirds invested

05 Feb 2020

African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments, has revealed that two-thirds of its AIIF3 fund is already committed to a diversified portfolio of assets across the thermal power, renewable energy, ports and logistics, and airports sectors.

AIIM recently invested US$54 million to acquire minority interests in Nigerian gas assets majority-owned by Savannah Petroleum Plc. The transaction comprises 1) a 20% stake in Seven Uquo Gas Limited, the entity that holds an interest in the Uquo gas field located in South East Nigeria, and 2) a further 20% stake in Accugas, the integrated processing and distribution infrastructure for Uquo gas.

The AIIF3 fund’s portfolio of assets provides it with exposure to operations across 13 African countries. AIIM has concluded nine other investments through AIIF3, including Starsight Power Utility, an off-grid energy company in Nigeria, Albatros Energy, a thermal power IPP in Mali, DSM Corridor Group, a bulk handling facility in Tanzania, and BBOXX, a next-generation utility platform company.

AIIM last year announced the final close of the AIIF3 fund with US$320 million in committed capital from a diverse investor base across Africa, Europe and Asia. Since inception, AIIM has raised cumulative commitments of US$2.2 billion over seven funds.

-ENDS-

« Back to Member News

AVCA Member News: CDC, FMO, Norfund et al. back Greenlight Planet Read more: https://t.co/CmZZUf3ZlG

AVCA 2020 Focus Series! Join our panel of experts on 30th September for the last part of our AVCA 2020 Focus Serie… https://t.co/SiyMStL0YU

AVCA Member News: Helios backs Africa Specialty Risk Group Read more: https://t.co/HUnj55qqHQ

Industry event: CAMA and the Private Equity Industry PEVCA and ǼLEX are jointly organising a Webinar on Thursday,… https://t.co/V14xzt1hXE

AVCA Member News: FMO - Dutch entrepreneurial development bank backs third-generation fund Read more: https://t.co/OH2MlmD6Pr

;