AfricInvest, an investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, has held the final close of AfricInvest Fund IV with total commitments of $411 million.
Launched two years ago with a hard cap of $400 million, AfricInvest IV received investment from new and returning institutional investors, development finance institutions and family offices from around the world. The Fund is the largest in AfricInvest’s history and follows on from the previous flagship fund, AfricInvest III, which closed in 2016, reaching a fund size of €272 million (US$300m).
Like its predecessors, AF IV aims to invest in mature and profitable African mid-cap companies across diverse sectors to accelerate their regional growth and deliver attractive risk-adjusted returns.
Read more: Private Equity Wire
