AfricInvest wraps up fourth fund

AfricInvest has closed its fourth fund at a $411 million. AfricInvest Fund IV’s limited partners include institutional investors, development finance institutions and family offices. The fund invests in African mid-cap companies.

PRESS RELEASE

Moka, Mauritius; 23 May 2022: AfricInvest, a leading investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, today announced the final close of AfricInvest Fund IV, LLC (the “Fund,” “AfricInvest IV,” or “AF IV”), with total commitments of US$411 million. Launched two years ago with a hard cap of $400 million, AfricInvest IV received investment from new and returning institutional investors, development finance institutions and family offices from around the world. The Fund is the largest in AfricInvest’s history and follows on from the previous flagship fund, AfricInvest III, which closed in 2016, reaching a fund size of €272 million (US$300m).

Like its predecessors, AF IV aims to invest in mature and profitable African mid-cap companies across diverse sectors to accelerate their regional growth and deliver attractive risk-adjusted returns. The Fund also supports inclusive and sustainable development, having committed to the 2X Challenge criteria in support of women’s economic empowerment. Employing AfricInvest’s signature hands-on approach, the Fund’s investment team offers portfolio companies a unique combination of local insights and global perspectives.