IFC proposes investment in Alterra fund

The IFC has proposed an equity investment of $20 million in the Alterra Africa Accelerator Fund, a Mauritian limited partnership.

The fund has a target size of $400 million and will be managed by Alterra Capital Partners as its investment manager. Alterra is co-led by Bryce Fort, Paul Maasdorp, Genevieve Sangudi, Eric Kump and Bruce Steen.

Alterra will invest in companies active in the following sectors: telecommunications, technology, financial services, consumer products and services, and infrastructure and logistics.

The manager has offices in Kenya and South Africa.

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