Pembani Remgro Infrastructure Fund II attracts North American LP
FinDev Canada has announced a $35 million commitment to the fund.
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Canada’s bilateral development finance institution, FinDev Canada, has announced a $35 million commitment to the Pembani Remgro Infrastructure Fund II (PRIF II). The infrastructure-focused private equity fund will provide equity and quasi-equity capital to projects and companies primarily located in sub-Saharan Africa.
The fund is managed by Pembani Remgro Infrastructure Managers (PRIM).
“This partnership reinforces FinDev Canada’s commitment to supporting sustainable development in sub-Saharan Africa. We are proud to support PRIF II in developing innovative solutions for a climate-resilient and gender-inclusive future – and look forward to continuing to expand our impact in the region in the years to come,” declared Lori Kerr, chief executive officer at FinDev Canada.
“We are delighted to welcome FinDev Canada as one of the large investors in PRIF II. This is a relatively new investor relationship for PRIM and we look forward to working closely with the team at FinDev Canada as a long-term partner for investment in Africa,” added Herc van Wyk, chief executive officer at PRIM.
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