ARM-Harith Infrastructure Investment

What ARM-Harith Infrastructure Investment does

ARM-Harith Infrastructure Investment Limited is a private Nigerian fund/portfolio manager registered and regulated by the Securities and Exchange Commission, Nigeria, and operated as a joint venture between Asset & Resource Management (ARM) Holding Company — Nigeria's largest non-bank financial services provider — and Harith General Partners, a South Africa-based Pan-African infrastructure fund manager. Established in 2015 and headquartered in Ikoyi, Lagos, the firm invests across power generation, transport and logistics, digital infrastructure, and social infrastructure in West and Sub-Saharan Africa, with portfolio companies including the 461 MW Azura-Edo IPP (6% equity stake), the Shiprite floating dock in Ghana's Takoradi port, Lake Turkana Wind Power in Kenya, MainOne (digital infrastructure), the Lekki toll road concession, and the Henri Konan Bedie Bridge in Cote d'Ivoire.

The firm's core product is the ARM-Harith Infrastructure Fund, a pan-African private equity platform targeting climate-aligned, commercially viable infrastructure. Its primary technological and structural differentiator is what the company describes as the first integrated multi-currency blended finance platform for African institutional investors, combining U.S. dollar and local currency investments to reduce currency risk and enable simultaneous participation by domestic pension funds and dollar-exposed international investors. The Early Yield Liquidity Facility, developed with FSD Africa, is a first-of-its-kind catalytic layer that provides pension funds with early, predictable distributions to mitigate J-curve risk and reportedly increased local pension participation nearly 5x versus the first fund. In June 2026 ARM-Harith achieved first close of a successor Climate Transition Fund at approximately $76 million (targeting $200 million), and in May 2026 co-launched the $188 million Green Finance Investment Facility to finance 191 MW of distributed solar capacity in Nigeria.

ARM-Harith generates revenue through fund management fees plus performance/carried interest on successful investments, as is standard for closed-end private equity infrastructure funds. Specific fee schedules are not publicly disclosed and are negotiated with institutional limited partners. The go-to-market is relationship-based B2B sales to African pension funds, development finance institutions (AfDB, Afreximbank, FSD Africa, TDB, SEFA, UK PACT), and international institutional investors, with distribution concentrated in West Africa but extending to Ghana, Cote d'Ivoire, Kenya, and broader Sub-Saharan Africa. Headcount sits in the 101-250 range and current leadership is CEO Rachel More-Oshodi (appointed March 2024) and Deputy CEO Jobalo Oshikanlu (appointed January 2024).

Name

ARM-Harith Infrastructure Investment

Legal name

ARM-Harith Infrastructure Investment Limited

Website

https://armharith.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

ARM-Harith Infrastructure Investment is a Nigeria-based, SEC-regulated private infrastructure fund manager, jointly owned by ARM and Harith General Partners, deploying blended multi-currency capital from African pension funds and DFIs into climate-aligned power, transport, and digital infrastructure across West and Sub-Saharan Africa.

Ownership category

akta.pro rank

Product category

Infrastructure Fund Management

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

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

akta.pro secondary industries

Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Private Credit — Infrastructure Debt & Project Finance (FSAHAJAJ)

Keywords

• Infrastructure fund management
• Blended finance solutions
• Private equity investing
• Energy transition projects
• Pension fund investments

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management: ARM-Harith generates revenue through fund management fees as a registered fund/portfolio manager regulated by the Securities and Exchange Commission, Nigeria. The company manages infrastructure investment funds and earns management fees plus performance/carried interest on successful investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

ARM-Harith Infrastructure Investment manages private equity infrastructure funds investing in climate-aligned, commercially viable projects across West Africa and Sub-Saharan Africa. It deploys capital into power generation, transport, digital infrastructure, and distributed renewable energy on behalf of institutional investors, pension funds, and development finance institutions. The firm structures multi-currency blended finance vehicles, earning fund management fees and performance carried interest on successful investments.

Product overview

ARM-Harith Infrastructure Investment operates as a pan-African private equity fund manager offering a unified investment platform focused on sustainable infrastructure and energy transition. The core product is the ARM-Harith Infrastructure Fund, a $200+ million platform investing in climate-aligned, commercially viable infrastructure across West Africa. The portfolio includes direct investments in power generation (Azura Edo IPP, Elektron Power), transport (Lekki Concession, Henri Konan Bedie Bridge), digital infrastructure (MainOne), and distributed renewable energy (ADP, Lake Turkana Wind). The Climate Transition Fund extends the platform with a blended finance structure targeting Sub-Saharan Africa. The Green Finance Investment Facility (GFiF) provides a dedicated vehicle for Nigeria's distributed solar capacity. Together, these products enable deployment across four focus sectors: Power & Energy Transition, Transport & Logistics, Digital Infrastructure, and Water/Waste/Essential Services.

Differentiator

Problem solved

Functional benefit

Products and services

• ARM-Harith Infrastructure Fund Pan-African private equity platform dedicated to sustainable infrastructure and energy transition investments, deploying capital into resilient, scalable projects across power, transport, digital infrastructure, and social infrastructure in West Africa and beyond. Targets institutional investors including pension funds, DFIs, and international capital providers.
• Climate Transition Fund Successor climate transition fund structured as the first integrated multi-currency blended finance platform for African institutional investors, combining U.S. dollar and local currency investments to accelerate investment in energy transition and climate-resilient infrastructure across Sub-Saharan Africa.
• Green Finance Investment Facility (GFiF) Blended finance platform launched in Nigeria mobilizing $188 million to finance 191 MW of distributed solar capacity for households, communities, and businesses beyond the national grid, supporting the DARES (Distributed Access through Renewable Energy Scale-Up) programme.
• Early Yield Liquidity Facility First-of-its-kind catalytic investment structure designed with FSD Africa to allow pension funds to receive early and predictable distributions, addressing the J-curve challenge in infrastructure equity investments and enabling nearly 5x increase in local pension participation.

Quantifiable outcome

• Nearly 5x increase in local pension participation compared to first fund through Early Yield Liquidity Facility
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Barton Heyman LimitedcoreStrategic or Co-development Partner · 7 May 2026Barton Heyman Limited led the Green Finance Investment Facility (GFiF), a blended finance platform mobilizing $188 million for distributed renewable energy projects in Nigeria targeting 191 megawatts of distributed solar capacity.
• Rural Electrification Agency (REA)coreStrategic or Co-development Partner · 7 May 2026Rural Electrification Agency partnered in the Green Finance Investment Facility to support Nigeria's Distributed Access through Renewable Energy Scale-Up (DARES) programme for distributed solar capacity.
• UK PACTcoreStrategic or Co-development Partner · 7 May 2026UK PACT (Partnering for Accelerated Climate Transitions) partnered in the Green Finance Investment Facility to support distributed renewable energy projects in Nigeria.
• First City Monument Bank (FCMB)coreStrategic or Co-development Partner · 7 May 2026FCMB committed ₦100 billion in debt financing for the DARES programme and has already financed more than 42 mini-grid projects targeting connection of over 2 million households across Nigeria.
• Global Private Capital Association (GPCA)minorOthersARM-Harith is a member of the Global Private Capital Association, a membership organization for private capital investors in emerging markets.
• AVCA (African Private Capital Association)minorOthersARM-Harith is a member of AVCA, the African Private Capital Association that promotes private capital investment in Africa.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Actis: Global emerging-markets infrastructure investor with a dedicated African energy and infrastructure platform. Comparable fund management model investing in power, renewables, and digital infrastructure in Sub-Saharan Africa.
• Climate Fund Managers (CFM): Blended-finance fund manager specializing in climate-aligned infrastructure across emerging markets, including Africa. Closely comparable structure (multi-currency, DFI-anchored blended finance vehicles) and renewable infrastructure focus.
• African Infrastructure Investment Managers (AIIM): South Africa-based infrastructure fund manager investing across African infrastructure assets (power, transport, telecoms). Comparable long-tenure pan-African infrastructure mandate and institutional LP base.
• Africa Finance Corporation (AFC): Pan-African infrastructure-focused development financier investing equity and debt across power, transport, and digital infrastructure in Nigeria and across Africa. Directly comparable infrastructure mandate, DFI-driven model, and project finance structuring capability.
• Harith General Partners: Leading South Africa-based Pan-African infrastructure fund manager and ARM-Harith's JV parent. Closely comparable infrastructure fund management mandate, with focus on renewables, transport, and digital infrastructure across Africa.
• Emerging Africa Infrastructure Fund (EAIF): DFI-backed fund providing senior debt infrastructure financing across Sub-Saharan Africa. Comparable project finance mandate serving the same institutional investor base and African infrastructure pipeline as ARM-Harith.

Broad incumbents

• Helios Investment Partners: Largest Africa-focused private equity firm with infrastructure-adjacent holdings (energy, digital). Comparable pan-African PE platform and institutional LP relationships, with broader sector mandate including financial services and consumer.
• FMO (Dutch Entrepreneurial Development Bank): Dutch DFI with a large African infrastructure / renewable energy financing book. Overlapping mandate on African blended-finance projects and partnership positioning, though broader than ARM-Harith's fund management focus.

Emerging players

• CrossBoundary Energy: Africa-focused distributed renewable energy developer and financier. Comparable climate-aligned infrastructure mandate across distributed solar and mini-grids in Nigeria and broader Sub-Saharan Africa.
• Renew Capital: Pan-African climate infrastructure investor with renewable energy and blended-finance mandate. Comparable focus on institutional capital mobilization for African energy transition projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ArmHarith
• LinkedInlinkedin.com/company/armharith

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ARM-Harith Infrastructure Investment