Alta Semper Ilera Fund I Limited (IFC-42586)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ALTA SEMPER CAPITAL LLP
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 4, 2019

Disclosed by Bank Aug 28, 2019


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Project Description

According to bank documents, the proposed project consists of an equity investment of up to US$15.5 million in Alta Semper Ilera Fund I, L.P., a 10-year private equity fund targeting to raise US$250 million. The Fund will obtain controlling stakes in leading healthcare and consumer companies by way of equity investments. The Fund will have a pan-African focus and make equity investments of between US$10 and US$50 million per transaction.

The Fund is an exempted limited partnership registered under the laws of Mauritius. Alta Semper team is based in London, UK; Lagos, Nigeria; and Cairo, Egypt. The Fund will primarily target to invest in Ivory Coast, Nigeria, Ghana, Senegal, Morocco, Egypt, Tunisia, Ethiopia, Kenya, Tanzania, Uganda and Mozambique.

Investment Description
  • International Finance Corporation (IFC)

The proposed project is for an equity investment of US$15.5 million of which $0.5 million is from the Women Entrepreneurship Finance Initiative (“We-Fi”). We-Fi is a global program that seeks to unlock billions of dollars in financing to tackle the full range of barriers facing women entrepreneurs—increasing access to finance, markets, technology, and mentoring, while strengthening policy, legal and regulatory frameworks. The total IFC and We-Fi investment is not to exceed 20% of total committed capital. The target size of the Fund is US$250 million in commitments.

Private Actors

The Fund will be managed by Alta Semper Capital, a limited liability partnership registered in England and Wales that was established in 2015. The Fund Manager is headquartered in London and regulated by the U.K. Financial Conduct Authority.

Contact Information

Alta Semper Capital 
Afsane Jetha 
Managing Partner & Chief Executive Officer 
+44-207-100-0670 
info@altasemper.com 
LondonW1J 5BFUnited Kingdom 
http://www.altasemper.com/  

ACCOUNTABILITY MECHANISM OF IFC

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