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SIFEM commits USD 15 million in first close of SPE PEF III fund

 | Portfolio

SIFEM has committed USD 15M to the SPE Private Equity Fund (SPE PEF III), which has successfully achieved its first close at USD 140M signifying a major step forward in SIFEM’s mission to drive impactful investments across North Africa.

SIFEM commits USD 15 million in first close of SPE PEF III fund

SIFEM has committed USD 15M to the SPE Private Equity Fund (SPE PEF III), which has successfully achieved its first close at USD 140M signifying a major step forward in SIFEM’s mission to drive impactful investments across North Africa.

We are delighted to announce that SIFEM contributed to the successful first close of SPE PEF III, with commitments totaling  USD 140 million. This marks a major step forward in our mission to drive impactful investments across North Africa.

About the Fund

SPE PEF III is a generalist private equity fund investing in fast-growing small and medium-sized companies (SMEs) primarily in North Africa. The fund targets pivotal sectors such as healthcare, education, manufacturing & processing, and business services. The commitment of USD 15 million to SPE PEF III will provide growth capital to SMEs and fast-growing companies with solid historical operating and financial performance. It will make majority or significant minority stakes with a hands-on value-added approach, focusing on transformative projects.

Project Description

According to the African Development Bank Group, Africa faces significant challenges with youth unemployment, with an estimated one-third of young people aged 15-35 unemployed or discouraged, and another third vulnerably employed. With millions of young people entering the labor market, the need for decent jobs is growing. The fund supports creating better jobs and management positions for young employees, particularly in North Africa. The fund manager is expected to help mobilize additional financing for growth companies through its hands-on approach.

Project Impact

By providing long-term capital to SMEs, the fund helps fill a severe financing gap in North Africa, aiming to create quality jobs in a region where over one-third of the younger population is unemployed. The fund manager, SPE Capital Partners Ltd., has a proven track record of delivering on these goals. With this commitment, SIFEM supports a long-term partner with an excellent track record alongside other Development Finance Institutions (DFIs).

The details of the fund are now available in SIFEM’s portfolio explorer: https://sifem.ch/portfolio/#spe-pef-iii

Latest News

We call specialized Impact Consultants interested in assessing SIFEM’s Contribution to the Just Transition Agenda.

Latest News

We call specialized Impact Consultants interested in assessing SIFEM’s Contribution to the Just Transition Agenda.