Founded by Mr Bob Geldof the 8 Miles Fund is a pan-African private equity firm focused exclusively on making private equity investments in Africa.This investment is a complementary investment to the IFC (International Finance Corporation), CDC (Commonwealth Development Corporation) and ADB (African Development Bank) in 8 miles.

8 Miles focuses on consumer driven businesses and service providers with strong growth prospects. Typical sectors which it considers include: agribusiness, business and financial services, consumer goods and retail, energy and utilities, healthcare and pharmaceutical services, hospitality and real estate, telecom, media and technology, transport and logistics

Anticipated impact of the project are the encouraging economic development in general and private sectors.Investing in high-growth mid cap companies,will result in significant job creation. The fund will contribute to regional integration by helping companies expand within and between Sub-Saharan and Northern Africa. It will provide much needed growth and expansion capital and value enhancing advice to companies located in frontier markets throughout Africa. In addition the fund will aim to improve companies' sustainable development by ensuring the implementation of best practice corporate governance as well as robust environmental and social standards.