Gemcorp and Angola’s sovereign fund to partner on new infrastructure vehicle
The fund is expected to target approximately $500 million.
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Gemcorp Capital and Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), have announced a joint initiative to launch a pan-African infrastructure fund.
The fund is expected to target approximately $500 million. It will receive an initial investment of $50 million from the FSDEA which could increase to $200 million, depending on certain commercial conditions being met. In addition, Gemcorp Group and its funds will contribute up to $50 million, subject to investment approval, with the remaining capital expected to be provided by global investors.
Gemcorp Capital CEO and founder, Atanas Bostandjiev, commented: “We are proud to announce the upcoming launch of the Pan-African Infrastructure Fund in partnership with FSDEA. The fund will reflect our commitment to deploying flexible capital across Africa, a region with a broad and diverse set of infrastructure investment themes. With infrastructure demand across the continent remaining critically underserved, our pipeline of projects will address this gap while delivering substantial economic and social impact. The seed investment from the FSDEA will serve as a catalyst for broader institutional participation, unlocking job creation and sustainable development across the region.”
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