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Convergence ICT Fund is a USD 300m private equity Fund project managed by Convergence Partners Management, a South Africa-based firm. The Fund has a specific focus on developing a portfolio of minority equity interests in information and communications technology (“ICT”) infrastructures and ancillary service businesses the entire sub-Saharan African region. This Fund will make investments into new opportunities (greenfield), either developed in-house by the Fund manager or investigated at a very early stage, as well as into existing assets and businesses (brownfield).

Fund size
300m
Fund Type
Equity funds in the ACP regions
Geography
Sub-Saharan Africa
Region
Sub-Saharan Africa
Sector(s)
Digital
Vintage year
2013
EIB commitment
USD 25m
Website
http://www.convergencepartners.co.za/