ARM-Harith achieves US$76 Million First Close for its Climate Transition Fund 

Africa’s archetypal integrated multi-currency blended concern conveyance for infrastructure equity

ARM-Harith Infrastructure Investments Limited (“ARM-Harith”), a starring pan-African backstage equity money manager focused connected sustainable vigor and infrastructure investment, has announced the archetypal adjacent of its Successor Fund, a clime modulation Fund (the “Fund”) astatine ~US$76 cardinal equivalent.

The Fund is the archetypal integrated multi-currency blended concern level purpose-built for African organization investors, denominated successful some US dollars and section currency wrong a azygous operation for concern into infrastructure equity. Targeting US$200 cardinal astatine last close, it is designed to unlock African organization superior astatine standard and accelerate concern successful vigor modulation and climate-resilient infrastructure crossed Sub-Saharan Africa.

This structural innovation straight addresses 1 of the astir persistent barriers to African infrastructure investment: the mismatch betwixt hard currency money structures and the section currency revenues generated by the assets they finance. By integrating a much dynamic currency illustration from the outset, the Fund mitigates currency hazard astatine the task level and enables greater home organization investors’ participation, peculiarly pension funds connected presumption aligned with thei...