Launched in 2013. MC II is a private equity fund that focuses on small and medium-sized enterprises (SMEs) in North Africa. The fund provides growth capital to established businesses seeking expansion, following a hands-on value creation strategy combined with ESG impact.
Size: €120 million
Launched in 2017, MC III expands the geographic scope beyond North Africa into Sub-Saharan Africa, targeting high-growth SMEs and mid-sized companies across sectors such as healthcare, consumer goods, financial services and logistics, helping companies scale regionally.
Size: €240 million
Launched in 2025. MC IV focuses on mid-cap companies across North and Sub-Saharan Africa. The fund invests in businesses with strong market positions and pan-African expansion potential targeting core sectors such as healthcare, financial services and consumer goods.
Size: €600 million
Launched in 2025, ASEF invests in public equities following a long-term, value-oriented strategy, targeting undervalued, high-quality African listed companies. The fund relies on fundamental research and aims to deliver attractive risk-adjusted returns while maintaining a margin of safety and diversification benefits.
www.africaselectequityfund.com
