Industry Newsroom

Actis Agrees to Acquire Babilônia Wind Farm for USD172 Million

African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe, and Asia. AIIF3 will invest in middle-market infrastructure projects in the power, transport, and midstream energy sectors in Sub-Saharan Africa.