AfricInvest Closes African Midcap-Focused Fund at Over $400 Million
By Tom Jackson
AfricInvest, a leading investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, has announced the final close of its AfricInvest Fund IV with total commitments of US$411 million.
Over the last 25 years, AfricInvest has raised more than US$2 billion to finance almost 200 companies at various development stages across three continents.
Launched two years ago with a hard cap of US$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 US$300 million.