Moka, Mauritius: AfricInvest, a leading investment platform active in multiple alternative asset classes including private equity, venture capital, private credit and listed equities, today announced the final close of AfricInvest Fund IV, LLC (the “Fund,” “AfricInvest IV,” or “AF IV”), with total commitments of US$411 million. 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). Skander Oueslati, Senior Partner and CIO of sub-Saharan Africa, said: “AfricInvest Fund IV is well positioned to continue financing African companies, supporting them as they develop into local and regional champions. Hakim Khelifa, Senior Partner, commented: “Mid-cap opportunities in Africa will continue to grow. For further information, contact:Ann Wyman, Senior Partner, Investor Engagementann.wyman@africinvest.comFor more information about AfricInvest, please visit:Website: www.africinvest.com

Source: The North Africa Journal May 24, 2022 19:14 UTC