Old Mutual Raises $320 Million for Africa Infrastructure Deals
- Fund is seeking mid-market transport and power opportunities
- Old Mutual has so far raised $2.2 billion for its AIIM fund
Electricity pylons n Lagos,
Photographer: George Osodi/Bloomberg
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Old Mutual Ltd. raised $320 million through its African Infrastructure Investment Managers fund to invest in transport, power and energy projects in sub-Saharan Africa.
The fund attracted investments from the Dutch and African development banks, the U.K. development finance institution CDC Group, as well as institutional investors from Africa and Asia, according to its investment director.