South Africa-based Infinite Partners has announced the final close of its Infinite Partners Core Equity Fund II, having secured R2.8 billion ($169.8 million) in capital, exceeding the target of R2.5 billion ($151.6 million).
Limited partners in the fund include pension funds, insurers, asset managers, and banks, with additional support from new and established relationships across the asset consulting community.
Edward Pitsi, co-founder and CEO of Infinite Partners, said: “We focus on backing quality businesses with identifiable tailwinds, and potential to create sustainable value over time.”
The mandate for the fund spans both growth and replacement capital to established mid-market businesses. Typical investments range between R100 million ($6.1 million) and R500 million ($30.3 million).
The fund has already made two investments: e4, an enterprise software business serving the banking and property sector, and CYNK, which develops and owns digital infrastructure assets.
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