SPE Capital closes oversubscribed Africa fundPublished by: Sandy Bhadare at 27 Jan 2021Boutique private equity firm SPE Capital Partners has engaged DLA Piper on the structure and implementati... Boutique private equity firm SPE Capital Partners has engaged DLA Piper on the structure and implementation of its latest North Africa-focused fund. The SPE AIF I fund, which was oversubscribed, closed with a capital commitment of USD 258 million, well over its USD 200 million target. DLA Piper advised SPE Capital on the structure and implementation of SPE AIF I, which was initially launched in 2019 to invest in high-growth companies on the continent, particularly in North Africa. SPE Capital was itself launched in 2016 as an independent private equity operator focused on investments in Africa and the Middle East.

Source: The North Africa Journal January 27, 2021 17:46 UTC