|Fund status||Fully realised|
|Fund size||USD1 855 million|
|Fund close||Main Fund - May 1996 Sub Fund 1 - May 2010 Sub Fund 2 - Oct 2010 Sub Fund 3 - Jun 2011 Sub Fund 4 - Dec 2013|
|Fund maturity||June 2016|
SAIF was the first 20-year infrastructure fund in South Africa. On appointment as the fund manager in 2000, AIIM exited the underperforming portfolio and developed a portfolio of toll road concessions with operations and governance on a part with those seen in developed markets.
AIIM established a series of Sun Funds to allow investors to participate in follow-on opportunities as co-investments alongside the Main Fund.
The Fund successfully exited its mature toll road investments in 2016 having managed them through the full investment life cycle. The exit represented the largest private equity realisation for toll road infrastructure in Africa to date.
Bakwena Platinum Corridor Concessionaire, South Africa
N3 Toll Concession, South Africa
ICO Global Communications Holdings, South Africa
Ucingo Trust, South Africa (Exited 2016)
Trans African Concessions, South Africa & Mozambique (Exited 2016)
African Portland Industrial Holdings, Mozambique and Namibia (Exited 2003)
Trans Africa Railway Corporation, Tanzania (Exited 2004)
Kilimanjaro Airport Development Company, Tanzania (exited 2009)
Comazaar, Pan Africa (Exited 2003)