$500-Million Africa-Focused Infrastructure Fund Launched in Abu Dhabi

$500-million Africa-focused infrastructure fund launched in Abu Dhabi

Asset management firm Gemcorp Capital is working with Angola’s sovereign wealth fund to launch a $500-million Africa-focused infrastructure fund in Abu Dhabi. The aim is to make investments across Africa to inject private-sector cash into critical minerals, water, food security, and clean energy. Infrastructure development in these areas could provide a “transformative” boost to economic growth, Tom Hughes, Gemcorp’s marketing director, told Sem…

Gemcorp teams with Angola sovereign fund to launch pan-Africa infra investment vehicle

Emerging markets-focused asset manager Gemcorp Capital has teamed with the Fundo Soberano de Angola (FSDEA) to launch a pan-African infrastructure fund with eyes on about $500m of capital. The post Gemcorp teams with Angola sovereign fund to launch pan-Africa infra investment vehicle appeared first on AltAssets Private Equity News.

$500m ADGM-based fund to build Africa's infrastructure

UK’s Gemcorp Capital and Angola’s sovereign wealth fund have launched a $500 million African infrastructure fund, which will be managed and developed from the Abu Dhabi Global Market (ADGM). The Pan-African Infrastructure Fund will primarily focus on infrastructure projects across Africa, offering flexible capital to meet the continent’s investment needs, Gemcorp said in a statement. The fund will receive an initial investment of $50 million fro…

Angola's wealth fund, Gemcorp to launch Africa infrastructure fund

The new fund - called the Pan-African Infrastructure Fund - will be based in Abu Dhabi, in part to tap into growing investments the Gulf region has made into Africa in recent years