Paris fund enters African markets

Issue 305 - 24 Jul 2015
Backed by bilateral and international financial institutions, Meridiam Infrastructure Finance (MIF) is near to launching its first African equity fund, which will seek to position it as a developer as well as investor in long-term projects, as it has done in Europe, Turkey and North America. Paris-based MIF’s Africa fund, which is targeting an initial E300m of equity, enjoyed a successful first close in May and “is moving far down the path”, towards a launch, partner Julia Prescot told the European Investment Bank’s first ‘Africa Day’, held in Luxembourg on 11 July.

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