ARM-Harith Infrastructure Investments Limited, a leading private equity fund manager, has announced plans to raise $200 million to finance critical energy and climate infrastructure projects across sub-Saharan Africa.
Rachel Moré-Oshodi, Chief Executive Officer of the Lagos-based firm, revealed that the company has already secured $76 million in the first fundraising round for its new Successor Fund. The firm aims to fully conclude the capital raise by 2027.
Institutional anchoring de-risks domestic capital
The initial funding round includes a combined $20 million commitment from the African Development Bank (AfDB) and FSD Africa Investments. According to an official statement from the firm, this initial institutional backing is strategically structured to de-risk the project portfolio, thereby encouraging stronger participation from domestic commercial investors.
ARM-Harith operates as a prominent joint-venture partnership between Lagos-headquartered Asset and Resource Management Holding Company (ARM) and Harith General Partners, a leading South African infrastructure fund manager. The Successor Fund will focus on addressing the sub-Saharan region’s critical deficit in sustainable energy and climate-resilient infrastructure.
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