Fund vehicle
SPE Africa Industrialisation Fund I
SPE Africa Industrialisation Fund I is a private equity fund managed by SPE Capital, an independent asset manager. The fund's primary strategy involves growth equity and buyout investments in small and medium-sized enterprises (SMEs) across North Africa. It targets companies within key sectors such as healthcare, education, consumer goods, and light industrials, aiming to contribute to regional industrialisation and economic development. The fund seeks to generate robust returns for its investors through strategic operational enhancements and organic growth initiatives implemented within its portfolio companies. It completed its fundraising at USD 150 million in 2020, having launched in 2017 with a target of USD 200 million. SPE AIF I is an independent fund, attracting capital from various institutional limited partners.
- Manager
- SPE Capital Partners
- Vintage
- 2019
- Strategy
- Private Equity
- Target size
- $200m
- Size
- $258m
- Status
- Fully Invested
Disclosed limited partners
- AfricaGrow Gmbh & co. geschlossene KG
- Bpifrance S.A.
- British International Investment (BII)
- European Bank for Reconstruction and Development (EBRD)
- European Investment Bank (EIB)
- International Finance Corporation (IFC)
- Proparco
- Sango Capital Management (Pty) Ltd.
- Swiss Investment Fund for Emerging Markets (SIFEM AG)
- The African Development Bank Group (AfDB)
- The United States International Development Finance Corporation (DFC)
Sources
- Partner Researchers, accessed 14 November 2026