IHS Fund II was formed for the purposes of investing in housing development projects in South Africa and other target countries in Sub-Saharan Africa. IHS Fund II SA and IHS Fund II SSA (collectively “IHS Fund II”) were established as two separate funds to allow investors to allocate their capital between investments in South Africa and in other countries in Sub-Saharan Africa.

• IHS Fund II SA is a multi-investor fund targeting investments in affordable housing, including green housing projects, within South Africa. IHS Fund II SA began operations in July 2014 and at year-end 2017 had raised approximately $123 million of LP capital from 11 investors. IHS Fund II SA also has an additional participating debt commitment from OPIC for up to $80 million. At year-end 2017, IHS Fund II SA had closed on 19 investments that represent a total of 6,875 affordable for-sale and rental housing units in South Africa.
• IHS Fund II SSA is a multi-investor fund targeting investments in affordable housing, including green housing projects, within Namibia and Botswana. IHS Fund II SSA began operations in July 2014 and, by early 2018, had raised approximately $74 million of LP capital from five investors.