Proparco approves $20m commitment

The France-based government related investment organisation has backed a Middle East and Africa focused fund.

Institution: Proparco
Headquarters: Paris, France
AUM: €5.40bn
Bitesize: $10-50m

Proparco has confirmed a $20 million commitment to SPE AIF I. The fund is managed by SPE Capital and lists a target size of $200 million.

As illustrated below, Proparco’s recent private equity commitments have been made to venture capital funds that focus on healthcare and consumer sectors across Middle East and Africa.

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