African Infrastructure Investment Managers

About the fund

AIIF4 is AIIM's fourth pan-African infrastructure fund, building on the strategy of its predecessors. The fund achieved final close in July 2024 at its hard cap, raising $748M from 29 investors across Africa, Europe, Canada, the US, the Middle East and Asia, with an additional $206M approved for co-investments — totaling $954M. Fundraising exceeded the original target by 50%, with over half of capital coming from new investors. The investor base spans pension funds, insurance companies, sovereign wealth funds, asset managers, and family offices, with 50% of commitments from DFI investors. The fund has a 13-year term and a 5-year investment period. AIIF4 targets three thematic verticals: digital infrastructure (capitalizing on data consumption growth), energy transition (addressing chronic affordable power shortages), and transport, ports and logistics (serving Africa's rapidly urbanizing cities). AIIF4 also includes a climate-focused sidecar, AIIF4 Climate Investment L.P. (ACI), set up to invest alongside the main fund in climate and environmentally focused infrastructure assets in Africa. On impact, AIIF4 is an FMO Green Labelled fund, is part of the global 2X Challenge for gender lens investing, and received a BlueMark FundID Gold rating for impact verification.

Limited Partners

View all 3 partners

• International Finance Corporation (IFC)
• British International Investment (BII)
• European Investment Bank (EIB)