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 final close had raised approximately $123 million of LP capital from 11 investors. IHS Fund II SA also has an additional participating debt commitment from DFC for up to $80 million. IHS Fund II SA is fully committed and closed 31 investments that represent a total of 11,427 affordable for-sale and rental housing units in South Africa with over 9,000 of these units expected to meet the IFC EDGE green-certification on completion.
• 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 had raised approximately $81 million of LP capital from six investors. IHS Fund II SSA is fully committed and closed 13 investments that represent a total of 3,942 affordable for-sale and rental housing units.