Africa-focused buyout firm Helios Investment Partners has secured $100m in commitments from UK’s development finance institution and impact investor CDC Group for its latest growth equity fund.
The vehicle, Helios Investors IV, is seeking to raise $1.25bn to invest in African countries, according to a filing by the World Bank’s International Finance Corporation (IFC). Launched in June 2019, the strategy is set to be larger than its predecessor, which closed five years ago at $1.1bn.