Acre Impact Capital takes on Africa infrastructure gap with fresh investment
London-based investment manager Acre Impact Capital, which focuses on infrastructure in emerging markets, has secured fresh investment as it looks to narrow a daunting US$100B financing gap in Africa.
The company announced in early May it had secured catalytic investment from The Rockefeller Foundation and GuarantCo, which is part of the Private Infrastructure Development Group (PIDG) and is funded by the governments of the UK, Switzerland, Australia and Sweden.
Acre Impact Capital partners with both commercial lenders and export credit agencies (ECAs) to support growth-stage infrastructure projects in Africa and give underserved communities access to essential services.
The involvement of ECAs helps minimise the risks associated with infrastructure projects in emerging markets while delivering risk-adjusted market-rate returns to private sector backers, it says.
The value of the investment has not been disclosed, but the company says it will be used to bolster its growth plans and support the launch of multiple private debt impact funds focused on the export finance market.
Target sectors include healthcare, education, transport, renewable energy and digital infrastructure, as well as water, sanitation and waste management.
Source: Further Africa