Sanlam, in conjunction with Africa Infrastructure Securities (InfraSec), has launched the new Sanlam InfraSec Infrastructure Fund, a US$-denominated fund that will be managed via a joint venture company set up and owned by Sanlam and InfraSec.
The proposed fund will be domiciled in Ireland and will be channelled into infrastructure projects on the African continent with an emphasis on economic growth, social upliftment and energy, according to a Sanlam spokesman.
“Although the appetite for investing in Africa is growing, we are still coming off a very low base relative to infrastructure demands,” say co-founders and executive directors Kholofelo Molewa and Michael Brooks.
InfraSec identifies appropriate investment opportunities and infrastructure projects across a broad spectrum of technologies, with a special focus on economic infrastructure, such as energy utilities, including renewable energy as well as social infrastructure (eg. affordable housing).
