AfricInvest closes fourth North African fund


AfricInvest has closed its fourth North African fund at 194 million euros. Maghreb Private Equity IV’s investors include the African Development Bank. MPEF IV will invest in small and media companies in North Africa.

PRESS RELEASE

5 December 2018

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the final close of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). The African Development Bank joined the third and final investment round, committing EUR20m to the fund and taking the fund’s total capital commitments to EUR194m, in line with the fund’s target size.

MPEF IV is a 10-year fund managed by AfricInvest. It will invest in small and medium enterprises in North Africa (including Algeria, Egypt, Morocco, and Tunisia),…

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