News & Analysis

In brief: Blue Earth commits $20m to African infra fund

The impact specialist has committed to AIIM's fourth fund, which is targeting investments in digital infrastructure, energy transition and mobility subsectors.

-

Blue Earth Capital has committed $20 million to African Infrastructure Investment Managers‘s (AIIM) fourth fund, which seeks to invest in sustainable projects in the region.

AIIM has $2.7 billion assets under management and a portfolio that spans 19 African countries. African Infrastructure Investment Fund 4 has a target of $500 million and received funding from a number of development finance institutions last year. The fund is “targeting growth and value-add infrastructure within the digital infrastructure, energy transition and mobility subsectors”, according to a statement.

Blue Earth capital is a specialist impact firm set up by the founders of Partners Group and has both direct and fund investing strategies. It closed its second impact credit fund at $108.5 million earlier this month.