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The European Investment Bank (EIB) has disclosed a proposed equity investment of $50 million in the Infrastructure Climate Resilient Fund, a private equity vehicle targeting investments primarily in climate resilient infrastructure in Africa.
The fund is managed by AFC Capital Partners, a 100% owned subsidiary of Africa Finance Corporation.
The investment team targets both new and existing projects or assets and plans to employ a buy-and-grow strategy for the latter. This involves acquiring significant minority stakes in existing infrastructure platforms and then expanding them, with a strong emphasis on climate resilience and transition risk management.
The fund has a target size of $750 million.
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