Harith launches $200mln top-up for second infra fund

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Last week, Harith General Partners announced the launch of a top-up fund for the Johannesburg-based infrastructure investment specialist’s second fund, Pan African Infrastructure Development Fund 2 (or PAIDF2). Once it closes, the new top-up fund increases the amount of capital available to PAIDF2’s investment team by another $200 million which Harith expects to be raised from a mix of DFIs, South African Pensions Funds, asset managers, and other institutional investors.

The motivation behind the launch is the opportunity to take advantage of very near-term expansion opportunities in some of PAIDF2’s best-performing assets as well as to make investments in a large established pipeline of other high-quality infrastructure opportunities. Ultimately, the fund is hoping to build a portfolio of as many as 8 assets for the top-up fund.

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