CDC Group, the UK’s development finance institution and impact investor, has made a $60 million commitment under its African Private Credit Fund Strategy.
Commenting on the deal the Managing Director & Head of Private Equity Funds, CDC, Clarisa De Franco, said: “We are proud to have made our first investments executed under CDC’s African Private Credit Funds Strategy. Our partnerships with Vantage Capital and BluePeak Private Capital support underserved businesses at a critical time.
He also said businesses in Africa often face significant challenges in gaining access to funding, adding that the pandemic has further tightened the availability of capital in these markets.
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