European private equity firm invests in Alterra, an independent fund originating from Carlyle Africa spinout
Alterra Capital Partners, a private equity firm with a focus on Africa, has onboarded a European investor for its first independent pan-African investment vehicle. The identity of the European investor remains undisclosed, as the terms of the investment are not publicly disclosed.
Based in Johannesburg, Alterra Capital Partners was spun out of Carlyle Africa in 2020 by former team members. The firm's investment vehicle aims to back mid-sized businesses across the African continent, although the geographical scope and specific industries or sectors targeted have not been specified.
The investment commitment from the European investor marks a significant step for Alterra Capital Partners, as they continue to grow their presence and impact in Africa's business landscape. The potential benefits or returns for both parties are not disclosed, and the timeline for the investment or expected completion date is also not provided.
While the exact details of the investment are not known, it is clear that this partnership has the potential to support mid-sized businesses in Africa, contributing to the continent's economic growth and development. The potential impact of the investment on the African economy is not addressed in the available information.
Alterra Capital Partners' focus on Africa and support for mid-sized businesses aligns with the continent's growing need for investment in its burgeoning businesses. As the firm continues to grow and attract investors like the European investor, it is poised to play a crucial role in Africa's economic future.
[1] Source: Premium article (name of the source not disclosed)
The partnership between Alterra Capital Partners and the undisclosed European investor, through their joint investment vehicle, is aimed at backing mid-sized businesses in Africa, thereby influencing the continent's economic growth and development. The specific financial details, including the benefits or returns for both parties, remain undisclosed.
With the focus of Alterra Capital Partners on Africa and their strategy of supporting mid-sized businesses, they are positioning themselves to significantly contribute to the continent's growing need for financing, potentially playing a pivotal role in shaping Africa's economic future.
