Transaction Summary
Harith InfraCo, a permanent capital vehicle established in 2024, has acquired the Pan African Infrastructure Development Fund’s (PAIDF I) stakes in a range of energy, transport, and digital assets for R6.5 billion ($360 million). Harith InfraCo now owns and manages the assets previously held by PAIDF I, including stakes in Anergi Holdings Limited (AHL), Community Investment Ventures Holdings (CIVH) and Lanseria International Airport. Harith InfraCo was initially set up through a strategic collaboration involving Harith General Partners (Harith) and its stakeholders, including the Government Employees Pension Fund (GEPF), the Development Bank of Southern Africa (DBSA), Mergence Investment Managers, and Zungu Investment Co. This acquisition marks Harith’s transition from fund manager to direct stakeholder as it has managed the PAIDF I since its inception in 2007. The PAIDF I was established with a 15-year term, extendable by up to two additional one-year periods. After reaching its 15-year term in 2022 and
