ARM-Harith infrastructure fund reaches first close
The fund is a multi-currency blended finance platform.
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ARM-Harith Infrastructure Investments, a pan-African private equity fund manager focused on energy and infrastructure investments, has announced the first close of its Successor Fund at about $76 million.
The fund is a multi-currency blended finance platform purpose-built for African institutional investors, denominated in both US dollars and local currency within a single structure for investment into infrastructure equity. Targeting $200 million at final close, it is designed to unlock African institutional capital at scale and accelerate investment in energy transition and climate resilient infrastructure across sub-Saharan Africa.
The first close is anchored by a combined $20 million of catalytic capital from FSD Africa Investments and the African Development Bank through its Sustainable Energy Fund for Africa. This capital is designed to de-risk participation by domestic pension funds and other institutional investors across the continent, supporting the broader ambition of scaling local capital mobilisation for African infrastructure.
Rachel Moré-Oshodi, chief executive officer of ARM-Harith, said: “This first close is both an achievement and an inflection point for ARM-Harith. With our first fund, we demonstrated that domestic institutional capital can be mobilised into infrastructure equity. With this successor fund, we are building on that foundation by bringing local and hard-currency capital together within a single platform – better aligning the structure of the capital with the realities of African infrastructure assets. This is a fundamental redesign: one that recognises local market realities, mobilises domestic savings, attracts international capital, and allocates risk more intelligently. The institutions that are backing us understand the significance of this shift. They are not only investing in a fund; they are helping to shape a more practical, scalable way to finance the infrastructure Africa needs.”
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