AfricInvest Closes African Midcap-Focused Fund At Over USD 400 Mn

AfricInvest, one of the leading investment platforms 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 USD 411 Mn. AfricInvest IV received investment from new and returning institutional investors, development finance institutions, and family offices globally. 

AfricInvest 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. The fund also supports inclusive and sustainable development, having committed to the 2X Challenge criteria in support of women’s economic empowerment.