PE fund in line for $30m IFC commitment
The IFC has disclosed that it is considering an equity investment of up to $30 million, alongside a co-investment envelope of up to $20 million, into SPE Capital’s SPE III fund.
For the best experience and to access our Connect industry chat platform, download the Africa Private Equity News app: Android | iOS
The IFC has disclosed that it is considering an equity investment of up to $30 million, alongside a co-investment envelope of up to $20 million, into SPE Capital’s SPE III fund.
The fund is targeting $350 million (hard cap of $400 million) to pursue control-oriented growth stage investments in North Africa. Opportunistic investments in sub-Saharan Africa will be capped at 25% of total commitments.
SPE Capital was formed in 2016 as a spin off from Swicorp, a MENA focused investment bank.
* Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information.