British International Investment confirms $76m commitment

The British investor has backed AIIM's fourth private equity fund.

Institution: British International Investment
Headquarters: London, UK
AUM: €5.2 billion

British International Investment has committed $76 million to African Infrastructure Investment Fund 4, according to a press release from the firm.

Fund 4, managed by African Infrastructure Investment Managers (AIIM), will invest in industrial, clean tech and renewable opportunities across Sub-Saharan Africa. The fund has raised $116 million to date and is targeting $500 million. The fund’s predecessor closed in May 2019 on $320 million.

Since its inception in 1999, AIIM has raised seven infrastructure vehicles across Sub-Saharan Africa.

As illustrated below, BII’s recent private equity commitments have focused on Sub-Saharan Africa vehicles with growth equity returns.

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