New Investments
Alterra Capital Partners Raises $140 Million for Africa-Focused Fund Targeting Growth Sectors
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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
South African Fintech Startup Float Secures $11 Million Funding From Standard Bank
South African financial technology (fintech) company Float has secured a $11 million funding facility from Standard Bank.
Egypt’s SETTLE Raises $2 Million Pre-Seed to Revolutionize B2B Payments
Egypt-based B2B payment platform, SETTLE, has secured $2 million in a pre-seed funding round.
Nigeria’s Eze raises $3.7 million seed funding
Nigerian B2B marketplace startup Eze has raised $3.7m to revolutionize the African electronics market.