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Alterra Capital Partners Raises $140 Million for Africa-Focused Fund Targeting Growth Sectors

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Alterra Capital Partners Raises $140 Million for Africa-Focused Fund Targeting Growth Sectors

Alterra Capital Partners, a private equity firm founded in 2020 by former Carlyle Group employees, has raised $140 million in the first closing of a $500 million fund focused on investments in Africa.
 

The fund has attracted backing from a diverse group of investors, including Aliko Dangote, David Rubenstein, Bill Conway, Norfund AS, Standard Bank Group Ltd., International Finance Corp., Germany’s Deutsche Investitions- und Entwicklungsgesellschaft GmbH, and Allianz SE’s AfricaGrow fund.

Alterra Capital Partners plans to invest in a range of sectors across Africa, including telecommunications, technology, logistics, healthcare, consumer goods, and retail.

The firm is targeting companies that are well-positioned to benefit from Africa’s growing population and rising incomes.

The launch of Alterra Capital Partners’ Africa-focused fund is a sign of the growing interest from investors in the African continent.

Africa is home to the world’s fastest-growing population and a rapidly expanding middle class.

This is creating a growing demand for goods and services, which is attracting investment from both domestic and international investors.

Alterra Capital Partners’ fund is well-positioned to capitalize on the investment opportunities in Africa.

The firm has a team of experienced investment professionals with a deep understanding of the African market.

Alterra Capital Partners also has a strong track record of success, having generated attractive returns for investors in its previous fund.

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