Fund vehicle
Maghreb Private Equity Fund III (MPEF III)
Maghreb Private Equity Fund III (MPEF III) is a closed-end private equity fund managed by AfricInvest, dedicated to growth capital investments in small and medium-sized enterprises (SMEs) across the Maghreb region. The fund targets established companies in Tunisia, Morocco, Algeria, and Egypt that demonstrate strong potential for regional expansion and value creation. MPEF III operates as a generalist vehicle, investing across diverse sectors including healthcare, education, agribusiness, and services, while adhering to robust environmental, social, and governance (ESG) standards to foster sustainable development alongside financial returns. Against a target of €150 million, the fund reached a first close of €96.5 million in September 2011 and a final close of €120 million in March 2013.
- Manager
- AfricInvest
- Vintage
- 2011
- Strategy
- Private Equity
- Target size
- $206m
- Size
- $154m
- Status
- Fully Invested
Disclosed limited partners
- Averroes Finance II
- Belgian Investment Company for Developing Countries (BIO)
- Bpifrance S.A.
- CDC Enterprises
- DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH)
- European Bank for Reconstruction and Development (EBRD)
- European Investment Bank (EIB)
- International Finance Corporation (IFC)
- Netherlands Development Finance Company (FMO)
- Proparco
- Swiss Investment Fund for Emerging Markets (SIFEM AG)
- The African Development Bank Group (AfDB)
Sources
- Partner Researchers, accessed 14 November 2026