European LP proposes $30m investment in Convergence Partners fund

Dutch entrepreneurial development bank FMO is proposing a $30 million investment in Convergence Partners Digital Infrastructure Fund, managed by Convergence Partners.

Founded in 2006, Convergence Partners invests as value-adding partners into private equity opportunities in technology and digital infrastructure sectors across sub-Saharan Africa. It has an asset base in excess of $400 million across Southern, East and West Africa through three funds.

Convergence aims to make growth-capital investments in a diversified portfolio of mid-sized sub-Saharan companies seeking growth, or brownfield/greenfield investments in the digital infrastructure space.

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