Pan-African private investment firm Helios Investment Partners has exceeded the US$1 billion target set for its third Africa-focused fund, Helios Investors III, and will be closing the fund shortly with US$1.1 billion in capital commitments, reaching the fund’s hard cap. Investors in the fund include sovereign wealth funds, corporate and public pension funds, endowments and foundations, funds of funds, family offices and development finance institutions. Helios has already made one investment through Helios III, acquiring an interest in Nigeria-based pension fund manager ARM Pensions.