Convergence Partners

Convergence Partners is a prominent private equity firm based in Johannesburg, South Africa, with a dedicated focus on the Technology, Media, and Telecommunications (TMT) sector across the African continent. Established with a vision to accelerate digital inclusion and economic growth, the firm plays a crucial role in developing critical digital infrastructure and services. Its investment strategy is centered on identifying and backing high-growth opportunities that bridge the digital divide and enhance connectivity throughout Africa.

The firm's investment philosophy emphasizes a long-term, hands-on approach, providing not just capital but also strategic guidance and operational support to its portfolio companies. Convergence Partners targets a diverse range of digital infrastructure platforms, including fibre optic networks, data centres, mobile towers, and fintech solutions. Their portfolio reflects a commitment to foundational technologies that underpin the digital economy, fostering innovation and expanding access to digital services for businesses and communities across various African markets.

Convergence Partners has successfully raised and deployed multiple funds, with their latest and largest being the Convergence Partners Digital Infrastructure Fund (CPDIF). This fund achieved a final close of $296 million in 2023, significantly exceeding its initial target and demonstrating strong investor confidence in Africa's digital future. Through CPDIF, the firm typically makes equity investments ranging from $10 million to $40 million per deal, targeting growth-stage companies that require substantial capital to scale their operations and expand their reach. This strategic capital deployment positions Convergence Partners as a key enabler of digital transformation and economic development across Africa.