IFC proposes investment in Alta Semper Capital fund
The fund will invest in Africa's healthcare and consumer sectors.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The International Finance Corporation (IFC) has disclosed a proposed equity investment of $25 million and a $20 million co-investment envelope into Alta Semper Growth Fund II (AS II).
AS II is targeting a total fund size of $150 million to take majority stakes (or significant minorities with a path to control) in six to ten mid-cap companies with an average deal size of $15-25 million. It will make growth investments in healthcare (including vocational education and post-secondary education for the healthcare industry) and consumer goods /services.
The fund will be managed by Alta Semper Capital.
The fund will target select growing African economies in West Africa (Nigeria, Ghana, Senegal, Côte d'Ivoire), East Africa (Kenya, Ethiopia, Mozambique, Tanzania, Uganda), and North Africa (Egypt, Morocco and Tunisia).
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