Helios Fund V secures $75m commitment
The EIB has announced a $75 million investment in the Helios Fund V, managed by Helios Investment Partners.
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The European Investment Bank (EIB Global) has announced a $75 million investment in the Helios Fund V, managed by Helios Investment Partners.
The fund will support the growth of companies that help provide digital infrastructure like data centres, fibre-optic networks and telecom towers; tech-enabled business services like cloud services, health tech and logistics tech; and financial services and technology like bank tech payments or financial management software. It will also support companies that help provide healthcare or education and training.
EIB vice-president Ambroise Fayolle said, “We are happy to be partnering with Helios – an important pan-African equity firm that has been operating in Africa for over two decades, with good access to investment opportunities, and a strong network and local footprint. We look forward to supporting them as they invest in market-leading, value-creating and socially responsible enterprises for the mutual benefit of Africa and the European Union. This is fully aligned with the Global Gateway priorities being implemented by Team Europe.”
Last year EIB Global invested €232 million in funds operating across Africa – representing 49% of total fund investments by the bank, showing the increased focus on spurring private capital flows on the continent.
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