Fund vehicle
Alterra Africa Accelerator Fund
The Alterra Africa Accelerator Fund is a Pan-African private equity fund structured as a Mauritius-domiciled limited partnership. The fund is managed by Alterra Capital Partners, a firm formed by a combination of experienced teams from Carlyle Africa and Emerging Capital Partners. The strategy targets mid-cap, EBITDA-positive companies that provide essential consumer goods, services, and business solutions across the continent, with a focus on East and Southern Africa. The fund typically seeks to take significant minority or control stakes in operationally mature businesses to support their growth and regional expansion into neighbouring, less-developed countries, with a strong commitment to measurable development impact (SDGs and gender equity).
- Manager
- Alterra Capital Partners
- Vintage
- 2023
- Strategy
- Private Equity
- Target size
- $400m
- Size
- $140m
- Status
- Closed
Disclosed limited partners
- AfricaGrow Gmbh & co. geschlossene KG
- Aliko Dangote
- Bill Conway
- British International Investment (BII)
- Dangote Family Office
- David Rubenstein
- DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH)
- International Finance Corporation (IFC)
- Mastercard Foundation
- Proparco
- ResponsAbility Investments AG
- Standard Bank Group Limited
- Swiss Investment Fund for Emerging Markets (SIFEM AG)
- The African Development Bank Group (AfDB)
- The Norwegian Investment Fund for Developing Countries (NORFUND)
Sources
- Alterra Capital Partners official website, www.alterracap.com. Accessed 14 November 2026.
- Partner Researchers, accessed 14 November 2026