MPEF IV is a 10-year fund managed by AfricInvest. The fund had its first close in February 2018, with capital commitments of EUR 152m from prestigious finance institutions. The fund is aiming to reach over EUR 200m by year-end.
MPEF IV is seeking to acquire substantial minority stakes in small and medium-sized enterprises (SMEs) in North Africa (including Algeria, Egypt, Morocco, and Tunisia). The fund invests in a range of sectors - including IT and telecoms, FMCG, healthcare, education, logistics, agribusiness and services – and has a strong preference for companies focused on export growth. It is targeting companies that are well-established in their local markets and that have the potential to regionally scale up their activities in the Mediterranean basin and across the African continent.
MPEF IV will seek to improve SME governance, promote environmental, social and governance best practices, increase foreign-exchange receipts, create new jobs, increase government tax revenues and foster regional economic integration. Thus, MPEF IV will contribute to creating significant value within the companies and to positively impacting their local communities.