The Kingdom Zephyr Fund is a holding company for a number of investment funds focussing on opportunities in regional and pan-African businesses.

The fund is managed by Kingdom Zephyr Africa Management Company (a joint venture between the KHC and Zephyr Africa LP).

The fund has invested more than $100m in private equity opportunities and focuses on investing in multi-country enterprises with good capacity for growth and an ability to compete regionally and internationally.