Mubasher: London-based Alta Semper Capital, a private equity firm focused on healthcare and consumer investments in high-growth markets, has secured $57.50 million to support Alta Semper Growth Fund II.
It secured the financing from a consortium of investors, including the European Investment Bank (EIB) Group and the International Finance Corporation (IFC), according to a press release.
The EIB Group, comprising the EIB and the European Investment Fund, plans to invest $37.50 million, while the IFC is expected to inject $20 million.
The alliance will accelerate the fund’s journey to expand healthcare access across Africa.
Alta Semper Growth Fund II is targeting a total fund size of $150 million. It focuses on scaling market-leading healthcare and consumer businesses that improve access to affordable, high-quality products and services across Africa and other select growth markets.
Expected to conclude in the coming months, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) will support Egypt’s SMEs, particularly in the healthcare and consumer goods sectors.
Afsane Jetha, Managing Partner and CEO of Alta Semper, said: “These partnerships significantly enhance our ability to scale high-quality healthcare and consumer businesses, accelerate the adoption of technology, and deepen our impact on the ground.”
Jetha added: “Our ambition is to help build resilient, equitable, and future-proof health ecosystems that deliver meaningful outcomes for communities while generating attractive returns for our investors.”
