AAIC Investment fund receives further backing from Japanese entities for second close

AAIC Investment has secured participation from the Development Bank of Japan (DBJ), QR Investment (the corporate venture arm of Hokkoku Financial Holdings Group), and TOPPAN Holdings, among others, for its Africa Innovation & Healthcare Fund (AHF2).

AHF2 has, so far, invested in 15 firms, predominantly in digital healthcare.

Following the second closing of AHF2, the combined value of AHF1 and AHF2 managed by AAIC Investment is approximately $87 million.

Companies like Asahi Intecc, Eisai, Ohara Pharmaceutical and Marubeni Corporation have already invested in AHF2.

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