At a Glance
- Alta Semper Growth Fund II targets healthcare and consumer businesses across Africa.
- EIB commits $37.5 million, IFC $20 million, validating Alta Semper’s pan-African growth strategy.
- Early investments in MYDAWA and Allmed demonstrate social impact focus.
London-based private equity firm Alta Semper Capital has secured $57.5 million in commitments for its Alta Semper Growth Fund II, targeting healthcare and consumer-focused businesses across Africa.
The European Investment Bank (EIB) Group is contributing $37.5 million, while the International Finance Corporation (IFC) has allocated $20 million, marking a strong vote of confidence in Alta Semper’s pan-African growth strategy.
Fund targets high-impact African businesses
The fund, which aims to raise a total of $150 million, will focus on scaling businesses that enhance access to high-quality, affordable healthcare and consumer services.
Investment priorities include primary care, diagnostics, medical devices, digital health platforms, preventative medicine, consumer wellness solutions, and other disruptive technologies that improve outcomes for African communities.
Alta Semper has already started deploying capital, with early investments in MYDAWA, a digital health platform operating in East Africa, and Allmed Group, a medical device company specialising in blood purification and renal care solutions.
These initial commitments demonstrate the firm’s strategy of backing businesses that deliver both social impact and commercial returns.
EIB and IFC backing avlidates growth strategy
Afsane Jetha, Alta Semper’s CEO and managing partner, described the EIB and IFC commitments as strong validation of the firm’s investment thesis. “These partnerships enhance our ability to scale healthcare and consumer businesses, accelerate technology adoption, and strengthen impact on the ground,” Jetha said.
She added that the fund is designed to build resilient, equitable, and future-proof healthcare ecosystems while generating attractive returns for investors.
The backing from development finance institutions highlights growing global interest in private equity as a tool to bridge Africa’s healthcare and consumer service gaps.
By combining strategic capital with operational expertise, Alta Semper Growth Fund II aims to strengthen local companies, improve access to essential services, and drive sustainable growth across Africa’s high-potential markets.
