En­sur­ing bank­a­bil­ity

The com­pany man­ages Africa’s first and only 15-year mul­ti­mil­lion­dol­lar in­fra­struc­ture fund

Financial Mail - - CORPORATE REPORT -

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

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