AP Moller Capital totaled USD 865million for its Africa Infrastructure Fund during its 2nd close
Monday, 19 March 2018 14:37
AP Moller Capital, an affiliate of A.P. Moller Holding, has recently announced that the total commitment for its second close for Africa infrastructure fund stood at $215 million. The total commitment for this fund is valued at $865 million, very close to the $1 billion targeted.
“We are pleased and proud to announce that six months after the announcement of our Africa Infrastructure Fund, we have received total commitments of USD 865m from leading investors in Denmark and Sweden,” said Kim Fejfer, AP Moller Capital’s managing partner and CEO.
The firm was also announced in a joint commitment with the Commonwealth Development Corporation to acquire a majority stake in a big energy company in Zambia.
It should be reminded that AP Moller Capital expects to constitute a portfolio of 10 to 15 companies and invest between $50 million and $200 million in each of them. The countries on its priority list are Côte d'Ivoire, Morocco, Senegal, Nigeria, South Africa, Ghana, Egypt, Kenya, Tanzania, and Ethiopia.
Idriss Linge
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