Mediterrania Capital Closes €600M Fund for African Mid-Cap - InforCapital

Albert Alsina, Founder and CEO of Mediterrania Capital Partners, stated, “The successful final close of MC IV underlines our Limited Partners’ ongoing commitment to the African continent and their confidence in our ability to generate significant long-term value. With over 75% of the fund set to be deployed within less than four years, we see abundant opportunities to support outstanding companies that are transforming their industries across Africa.”

Hatim Ben Ahmed, Managing Partner, added, “The final close of MC IV at €600 million is a major milestone that enables us to continue deploying our investment strategy across the continent, with a strong focus on healthcare, financial services, and FMCG – sectors where we see significant growth potential in the coming years.”

As a signatory of the United Nations Principles for Responsible Investment (UNPRI), Mediterrania Capital Partners integrates Environmental, Social, and Governance (ESG) principles at the core of its investment approach. The firm is deeply committed to impact investing, ensuring that value creation aligns with long-term, sustainable development in Africa.

Across all funds and portfolio companies, Mediterrania applies robust ESG frameworks to assess and improve sustainability practices, transparency, and governance. The firm partners with management teams to drive not just financial returns but also positive outcomes for employees, communities, and the environment.

Rajaa Berrkia, Partner and Director of Sustainability, emphasized, “Impact is not an initiative – it’s a mindset embedded in everything we do. Our role as investors is to deliver sustainable value, and that includes reducing inequality, supporting inclusive job creation, and enhancing the resilience of the ecosystems we operate in.”

Currently, Mediterrania Capital's portfolio companies collectively generate over €2.2 billion in annual revenues and employ more than 30,000 people across Africa, impacting the lives of over 100 million individuals. With two of its investee companies achieving unicorn status under its tenure, MC IV aims to expand this impact, reaching 200 million Africans.

Mediterrania Capital Partners operates under stringent governance structures and holds licenses from the Malta Financial Services Authority (MFSA) under the EU AIFM Directive, as well as regulatory authorities in Mauritius, Spain (CNMV), and Morocco (AMMC). This strong regulatory foundation supports the firm’s transparency, accountability, and adherence to best-in-class operational standards.

Since its establishment in 2013 in Malta, the firm has maintained a proactive and hands-on approach to portfolio management, promoting long-term growth through sound governance and impactful investment strategies.

Mediterrania Capital’s fund close comes amid a wider wave of private equity fundraising activity across Africa in 2025, as investors seek to capitalize on the continent’s structural growth opportunities.

Inspired Evolution closed its Evolution III Fund at $238 million, focused on clean energy and climate resilience infrastructure.

Scalar International and Mergence Investment Managers jointly launched a $150 million fund aimed at digital and green infrastructure in sub-Saharan Africa.

Arise IIP secured $443 million in new funding, led by $300 million from the Fund for Export Development in Africa (FEDA) and $143 million from the Africa Finance Corporation (AFC), to boost industrial platforms across the continent.

Airnergize Capital Fund, a collaboration between New GX Capital and RMB Ventures, finalized a R4 billion (about $200 million) vehicle supporting South Africa’s energy transition and sustainable infrastructure.

These fundraisings reflect strong investor confidence in African markets and highlight increasing allocations to sectors such as renewable energy, digital connectivity, and industrial transformation. With the close of MC IV, Mediterrania Capital continues to position itself at the forefront of this growth narrative, backing African champions for the next decade.

Key Limited Partners in Mediterrania Capital IV Mid Cap: