African Infrastructure Investment Managers

What African Infrastructure Investment Managers does

African Infrastructure Investment Managers (AIIM) is a pan-African infrastructure-focused private equity fund manager that develops and manages closed-end funds investing long-term institutional unlisted equity into African infrastructure projects. Founded in 1998 and headquartered in South Africa (Cape Town/Johannesburg), AIIM is a wholly owned subsidiary of Old Mutual Alternative Investments Holdings. The firm operates a platform-plus-funds architecture with eight distinct fund vehicles — including pan-African funds (AIIF, AIIF2, AIIF3, AIIF4), South African domestic funds (IDEAS Managed Fund, South Africa Infrastructure Fund, Infrastructure Empowerment Fund, Apollo), and the recently launched African Transition Acceleration Fund targeting clean energy — collectively managing USD 3.8 billion in AUM across 85 portfolio companies in 21 countries.

AIIM invests across four core infrastructure asset classes: power and energy (including renewable energy platforms such as NOA and Anthem totaling over 2GW of capacity), digital infrastructure (fibre networks through MetroFibre Networx, data centres via Onix, and telecom towers through Eastcastle), transport (roads, rail partnerships with RATP and Alstom, ports and logistics), and midstream energy (Tema LNG Terminal, Uquo Integrated Gas Business). The firm operates five regional offices across South Africa, Nigeria, Kenya, and Côte d'Ivoire with a 50-person investment professional team. Recent transactions include the USD 954 million close of AIIF4 (August 2024, largest African infrastructure fundraise in three years), a 70% acquisition of Port Elizabeth Cold Storage (November 2025), launch of Motseng Ideas Infrastructure Group (August 2025), and participation in the Anthem renewable energy platform (September 2025).

AIIM earns revenue through two primary streams: recurring fund management fees on USD 3.8 billion AUM (typically 1-2% of committed capital under standard institutional PE terms) and performance-based carried interest (typically 20% of profits above hurdle rate) on successful exits, such as the USD 41.8 million divestment of three South African renewable projects in July 2025. The firm markets funds via direct institutional investor relationships, industry conferences, and thought leadership content, and serves a customer base of pension funds, development finance institutions, sovereign wealth funds, and impact investors. AIIM holds FSP Licence Number 4307 from the South African FSCA and is regulated under the Financial Advisory and Intermediary Services Act.

Name

African Infrastructure Investment Managers

Legal name

African Infrastructure Investment Managers Proprietary Limited

Website

https://aiimafrica.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

African Infrastructure Investment Managers (AIIM) is a pan-African private equity firm that develops and manages infrastructure investment funds — with USD 3.8 billion AUM across 85 portfolio companies in 21 countries — serving pension funds, DFIs, and sovereign wealth funds investing in African power, digital, transport, and energy infrastructure.

Ownership category

akta.pro rank

Product category

Infrastructure Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)

akta.pro secondary industries

Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Infrastructure & Project Finance Private Debt (FSANADAH)

Keywords

• Infrastructure fund management
• Private equity investing
• African infrastructure investment
• Renewable energy investing
• Institutional asset management

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management Fees: AIIM earns management fees on assets under management across its multiple African infrastructure funds
2. Carried Interest: Performance-based carried interest from successful fund investments

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

African Infrastructure Investment Managers (AIIM) develops and manages private equity infrastructure funds designed to invest long-term institutional unlisted equity in African infrastructure projects. The firm actively manages investments across power, transport, digital infrastructure, and midstream energy sectors in North, East, West, and Southern Africa, with USD 3.8 billion in assets under management deployed through eight closed-end infrastructure funds. Investors access AIIM's deal flow by committing capital to these funds, and AIIM earns management fees plus carried interest on the underlying investments.

Product overview

African Infrastructure Investment Managers (AIIM) is a pan-African infrastructure-focused private equity firm that develops and manages multiple infrastructure funds. The company operates as a platform-plus-funds architecture, offering eight distinct fund products ranging from domestic South African funds (IDEAS Managed Fund, South Africa Infrastructure Fund, Infrastructure Empowerment Fund) to pan-African funds (AIIF, AIIF2, AIIF3, AIIF4) and a specialized African Transition Acceleration Fund targeting clean energy transition investments. The funds collectively manage USD 3.8 billion in assets under management across 85 portfolio companies in 21 countries, investing in power generation (renewable energy, gas), digital infrastructure (fibre, data centres, telecom towers), transport (roads, airports), and midstream energy sectors.

Differentiator

Problem solved

Functional benefit

Brands

• African Transition Acceleration Fund: A new investment vehicle managed by AIIM targeting early-stage clean infrastructure projects across Africa, focusing on renewable energy, low-carbon transport, and emerging green fuel industries.

Products and services

• IDEAS Managed Fund
• African Infrastructure Investment Fund 4 (AIIF4)
• African Infrastructure Investment Fund 3 (AIIF3)
• African Infrastructure Investment Fund 2 (AIIF2)
• African Infrastructure Investment Fund (AIIF)
• Apollo Investment Fund
• Infrastructure Empowerment Fund
• South Africa Infrastructure Fund
• African Transition Acceleration Fund

Quantifiable outcome

• 85 portfolio companies across 21 African countries
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered strategic.

• MotsengstrategicStrategic or Co-development Partner · 20 August 2025AIIM and Motseng unveiled Motseng Ideas Infrastructure Group, a women-led, majority black-owned infrastructure investment initiative in South Africa, promoting transformation in the sector.
• RATP GroupstrategicStrategic or Co-development Partner · 30 October 2024AIIM partnered with RATP Group and Alstom to drive the revival of South Africa's rail sector, bringing international expertise to transform rail infrastructure.
• AlstomstrategicStrategic or Co-development Partner · 30 October 2024Alstom partnered with AIIM and RATP Group for South Africa's rail sector revival, providing rail infrastructure expertise and solutions.
• South African Housing & Infrastructure Fund (SAHIF)strategicStrategic or Co-development PartnerSAHIF, through its Digital Infrastructure Consortium platform, partnered with AIIM and STOA to acquire additional interest in MetroFibre Networx, consolidating position in South Africa's fibre landscape.
• STOAstrategicStrategic or Co-development PartnerSTOA, a foreign investment vehicle based in France, partnered with AIIM and SAHIF in MetroFibre Networx. STOA is a French investment holding backed by CDC and AFD for investments in emerging market infrastructure.
• Savannah EnergystrategicStrategic or Co-development PartnerAIIM partnered with Savannah Energy, a UK-listed energy company, for the Uquo Integrated Gas Business investment in Nigeria. The partnership combines AIIM's infrastructure expertise with Savannah's operational capabilities.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Actis: London-based global private equity firm with one of the largest dedicated African infrastructure and energy platforms. Directly competes with AIIM in African infrastructure equity, recently exited South African fibre operator Octotel (where AIIM then invested), and shares similar DFI-LP base.
• Helios Investment Partners: Pan-African private equity firm investing across energy, infrastructure, telecommunications and financial services. Co-invested with AIIM in SolarAfrica's SunCentral 2 and Tema LNG Terminal, making it a direct peer in African infrastructure equity.
• Africa Infrastructure Fund (managed by Standard Bank / Stanlib): A South African-domiciled infrastructure fund manager investing in listed and unlisted African infrastructure. Competes with AIIM in the SADC-region infrastructure equity space and shares the institutional South African LP base.
• Pembani Remgro Infrastructure Fund: South African infrastructure-focused private equity manager backed by Remgro. Directly comparable to AIIM in target geography (sub-Saharan Africa), sector focus (infrastructure equity), and LP base (South African institutional investors).
• African Development Bank (AfDB) — Direct Equity Window: AfDB makes direct infrastructure equity investments across Africa in addition to acting as an AIIM LP. Competes with AIIM for project-level equity stakes in power, transport, and digital infrastructure across the continent.

Broad incumbents

• IFC (Infrastructure) — World Bank Group: IFC is both a major AIIM LP and a direct infrastructure equity investor across emerging markets. Overlapping mandate in African infrastructure with materially larger capital base and concessional financing capability.
• Brookfield Asset Management — Africa Infrastructure: Global infrastructure mega-manager with growing Africa exposure through renewable energy and digital infrastructure platforms. Competes for larger infrastructure deals with deeper balance sheet and currency hedging capabilities than AIIM.
• Blackstone Infrastructure Partners: Global infrastructure fund with emerging-markets mandate. While less Africa-focused than AIIM, competes for institutional capital and increasingly for African deal flow as the firm scales its emerging-markets infrastructure platform.
• Carlyle Sub-Saharan Africa Fund: Global private equity firm with dedicated Africa-focused funds investing in infrastructure, energy, and consumer sectors. Competes with AIIM for institutional LP allocations and African infrastructure deal flow.

Emerging players

• Climate Fund Managers (CFM): Dutch emerging-manager investing in climate infrastructure across Africa and Asia. Direct peer in renewable infrastructure equity on the continent and an emerging competitor in the energy-transition mandate space where AIIM's ATAF vehicle also operates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AIIMAfrica
• YouTubeyoutube.com/channel/UCFakeId123456
• LinkedInlinkedin.com/company/africa-infrastructure-investment-managers
• Facebookfacebook.com/AIIMAfrica

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments39 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about African Infrastructure Investment Managers