Mediterrania Capital Partners, a private equity firm specializing in growth investments across the African continent, has announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million. This marks a major milestone for both the firm and the broader private equity landscape in Africa.
Structured as a 10-year closed-end fund, MC IV is designed to support established mid-sized companies with strong fundamentals and the potential to scale into regional or pan-African market leaders. The fund will primarily target businesses in North and West Africa, while remaining open to select opportunities across the wider continent.
Strategic Investment Focus
MC IV will pursue significant minority or majority stakes in companies operating in sectors with high growth potential, particularly those on the cusp of regional expansion or preparing for initial public offerings (IPOs). The fund is expected to deploy over 75% of its capital within the first four years, reflecting Mediterrania Capital’s proactive investment strategy.
The firm will continue its hands-on investment approach, offering strategic guidance and operational support to help portfolio companies scale efficiently and sustainably.
Investor Confidence in Africa’s Mid-Cap Potential
Albert Alsina, Founder and CEO of Mediterrania Capital Partners, emphasized the significance of the fund’s closing:
The final close of MC IV reflects the strong confidence our investors have in Africa’s long-term growth prospects and in our ability to generate value. We’re seeing increasing demand for capital from African companies that are transforming their industries and economies.
Alsina also highlighted the untapped potential of Africa’s mid-cap segment, particularly in sectors such as financial services, consumer goods, healthcare, and education—areas where Mediterrania Capital has already demonstrated success.
Strong Institutional Backing
While the firm has not disclosed the full list of investors in MC IV, the fund reportedly attracted commitments from a diverse group of institutional backers, including development finance institutions (DFIs), pension funds, sovereign wealth funds, and family offices. Previous Mediterrania funds have been supported by prominent institutions such as the European Investment Bank (EIB), British International Investment (formerly CDC Group), and the International Finance Corporation (IFC).
A Decade of Impactful Investing in Africa
Headquartered in Barcelona, with regional offices in Abidjan, Algiers, Cairo, and Valletta, Mediterrania Capital Partners has been active in African markets since 2013. The firm has built a strong track record of investing in high-potential businesses and helping them expand across borders.
Notable past investments include:
- TGCC (construction – Morocco)
- Cieptal Cars (automotive – Algeria)
- Université Privée de Marrakech (education – Morocco)
These investments reflect the firm’s commitment to supporting companies that drive economic growth, job creation, and regional integration.
