The company manages Africa’s first and only 15-year multimilliondollar infrastructure fund
Harith General Partners is the leading pan-african fund manager for infrastructure development across the continent. With offices in Johannesburg and Côte d’ivoire, Harith manages Africa’s first and only 15-year US$630M infrastructure fund, the Pan-african Infrastructure Development Fund (PAIDF) 1 and the $435m PAIDF 2.
PAIDF is supported by African capital raised from state pension funds, development finance institutions, top investment banks and financial institutions. Investors in PAIDF 1 include the Government Employees Pension Fund, Eskom Provident & Pension Fund, Old Mutual, Absa, Standard Bank, Liberty, Metropolitan Life, Development Bank of Southern Africa, African Development Bank and the Ghana government pension fund, known as the Social Security & National Insurance Trust (SSNIT).
PAIDF 1 was the first of its kind: a 15-year fund backed by African capital, managed by Africans, making use of the same rigorous investment criteria employed by private sector fund managers everywhere.
“The art of getting a project off the ground is doing the groundwork and feasibilities expeditiously before it reaches the bankability stage,” says Harith head of investor relations Pule Molebeledi. “You can