FMO proposes $50m investment in infrastructure PE fund
The Dutch entrepreneurial development bank FMO is proposing a $50 million investment in the African Infrastructure Investment Fund 4 (AIIF4), a pan-African private equity fund focused on investments in digital, energy transition, and transport and logistics infrastructure.
AIIF4 has a target fund size of $500-750 million and is managed by African Infrastructure Investment Managers (AIIM). Old Mutual Group, AIIM’s owner and sponsor, will anchor AIIF4 supported by FMO and two other European DFIs as first close investors.
The fund plans to make 10-14 investments of control or significant influence in pan-African assets with core infrastructure characteristics.
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