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