Alta Semper secures $57.5m for new fund
The fund’s backers include the European Investment Bank Group and the International Finance Corporation.
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Alta Semper Capital, a London-based private equity firm focused on healthcare and consumer investments, has secured $57.5 million in commitments for its Alta Semper Growth Fund II. The fund’s backers include the European Investment Bank (EIB) Group and the International Finance Corporation (IFC).
The EIB Group, comprising the European Investment Bank and the European Investment Fund, has committed $37.5 million, while the IFC has allocated $20 million.
Alta Semper Growth Fund II is targeting a total fund size of $150 million. It focuses on scaling healthcare and consumer businesses that improve access to affordable, high-quality products and services across Africa and other select growth markets. The fund places particular emphasis on primary care, preventative medicine, diagnostics, medical devices, digital health, consumer wellness platforms and disruptive technology.
Alta Semper has already begun deploying capital from the new fund. These investments include MYDAWA, a digital health platform in East Africa, and Allmed Group, a medical device company specialising in blood purification and renal care solutions.
Afsane Jetha, managing partner and CEO of Alta Semper, said: “Securing commitments from the EIB Group and the IFC is a strong endorsement of Alta Semper’s strategy and track record. These partnerships significantly enhance our ability to scale high-quality healthcare and consumer businesses, accelerate the adoption of technology, and deepen our impact on the ground. Our ambition is to help build resilient, equitable, and future-proof health ecosystems that deliver meaningful outcomes for communities while generating attractive returns for our investors.”
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