Zambia's Monter Capital announces first close of fund

Monter Capital Partnership Limited (MCPL) announced the successful first close of its flagship $100 million fund. The Monter Capital Fund, launched in 2022, reached its first close on 30 April 2023.

Dr. Gregor Binkert, chairman of the board, expressed his confidence in the fund’s trajectory, stating, ”Despite the rapidly changing economic environment, the first close of the Monter Capital Fund reflects institutional investors’ confidence in Monter Capital being able to identify sustainable investment opportunities on the continent and create healthy returns for all stakeholders. This achievement is a remarkable milestone for Monter Capital and for the deepening of capital markets in sub-Saharan Africa.”

The fund focuses strategically on growth companies in core sectors, including financial services, clean energy, and agri-business with a selected supplementary asset class. Domiciled in Mauritius with a presence in mainland Africa, Monter Capital is focused on investments in businesses within sub-Saharan Africa.

Dr. Brian Malambo, chief executive officer of Monter Capital, expressed his enthusiasm for this milestone and his optimism about collaborating with a diverse team of distinguished professionals to ensure the fund’s success. He further stated that the fund benefits from the support of an esteemed advisory board comprising reputable, experienced, and qualified global experts in various fields, further establishing Monter Capital as a key market player.