Convergence Partners Digital Infrastructure Fund

In brief

Convergence Partners Digital Infrastructure Fund is a private equity fund that will seek to make up to 12 investments across Sub-Saharan Africa. The fund is the third investment vehicle of Convergence Partners (CP). CP's strategy is to invest in the digital infrastructure sector primarily by way of growth capital. Digital Infrastructure is critical for the African continent to leapfrog into the digital services world. People will benefit from improved digital infrastructure services directly and indirectly, and the services will provide improved business opportunities, services and employment opportunities. There is a major gap in financing digital infrastructures vs. the needs, and thus, the fund will allow and speed up this development.

Main development impact

Investment details

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.