PROJECT

Projects

Summary of Investment Information

Project Number

36380

Company Name

ACTIS AFRICA REAL ESTATE 3 LP

Date SPI Disclosed

Mar 6, 2015

Country

Africa Region

Region

Africa

Projected Board Date

Apr 28, 2015

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2024

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Apr 28, 2015
Signed : Jun 29, 2015
Invested : Sep 30, 2015

Sector

other

Project Description

 The proposed project involves a $40 million equity investment in Actis Africa Real Estate Fund 3 LP (“AREF3” or the “Fund”) managed by Actis LLP (“Actis” or the “Sponsor”), a leading private equity investor in emerging markets. AARE3, a limited partnership organized under the laws of the United Kingdom, is a projected $400 million, 8-year closed-end private equity fund dedicated to investments in real estate companies and projects in Sub-Saharan Africa. The Fund is a 3rd generation follow up fund to (a) Actis Africa Real Estate Fund, a $154 million fund closed in 2006; and (b) Actis Africa Real Estate Fund 2, a 2012 vintage $268 million fund, in which IFC invested $35 million (project ##29906, 32899).                                                  

Associated Advisory Engagement

  n/a                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation