African Infrastructure Investment Fund 3 (AIIF3)
AIIF3 is an Africa focused infrastructure private equity fund managed by African Infrastructure Investment Managers (AIIM), a subsidiary of the internationally listed Old Mutual Group.
AIIM actively manages investment across Africa and has assets under management of USD 1.9. billion with a track record extending across six African infrastructure funds.
AIIM, arguably the most experienced infrastructure assed manager in Africa, manages a large number of assets in the infrastructure space across various sector like energy, transport and digital infrastructure.
AIIF 3 focusses on assets and sectors in regions and sectors where infrastructure is deficient and the investments significantly contribute to bridge the infrastructure gap in Africa.
Reasons for financing
The fund wil directly contribute to the following SDGs:
SDG#1 - No poverty by promoting economic growth thorugh development of infrastructure, SDG#7 - Ensure access to affordable, reliable, sustainable and modern energy for all; SDG#9 - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.
In addition, AIIF3 implements good corportate governance and best industry standards in its investee companies which is beneficial for the investee companies, the sponsors and raises general standards in the sector overtime.
DEG actively supports AIIF3 in providing guidance thorugh its Advisory Board representation, including adopting international best practices on environmental and social guidelines, reporting as well as legal fund terms. DEG also plays a role as a provider of long-term capital and potential co-investment partner.
The projects contributes to DEG´s strategy of supporting infrastructure project with a positive impact on development in Africa,