FMO discloses approved investment in SPE Capital fund
SPE PEF III is a $350 million sector-agnostic, North Africa focused, private equity fund.
Dutch development finance institution FMO has disclosed an approved $20 million investment in the SPE PEF III fund.
SPE PEF III is a $350 million sector-agnostic, North Africa focused, private equity fund, managed by SPE Capital, which was formed in 2016 as a spin-off from a MENA-focused investment bank.
The fund will pursue control-oriented growth stage equity and equity-related investments in mid-cap companies, primarily in Egypt, Morocco and Tunisia, with the objective of achieving long-term capital growth. Opportunistic investments in sub-Saharan Africa will be capped at 25% of total commitments.
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here