PE firm SPE Capital secures $20m from French LP

French development finance institution Proparco has made a $20 million investment in the SPE AIF I fund.

SPE AIF I is a private equity fund managed by SPE Capital, which focuses on North Africa, particularly Egypt, Morocco and Tunisia.

Alongside other investors and development banks, Proparco has subscribed to the second closing of the SPE AIF I fund, in order to support companies meeting the needs of the middle classes in North Africa.

Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.