AfricInvest Fund IV in line for further $15m commitment from LP
IFC, a member of the World Bank Group, is considering an additional equity commitment of up to $15 million in AfricInvest Fund IV, a generalist, closed-end private equity fund domiciled in Mauritius with a target size of $400 million.
The fund will be managed by AfricInvest and will invest in mid-market growth capital transactions in Africa.
The proposed IFC equity commitment of up to $15 million, with an aggregate commitment of up to $45 million, will not exceed 15% of total fund commitments. A separate co-investment envelope of up to $20 million to invest alongside the fund will also be part of the project.
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