BluePeak Private Capital, an alternative asset manager firm supporting the growth of scalable businesses in Africa through privately-negotiated and structured debt-like instruments, has reached a final close of US$156 million for its inaugural private capital fund, BluePeak Private Capital Fund SCSp.
With a presence in Tunis, Nairobi, and London, BluePeak Private Capital is an alternative asset management firm established in 2019.
The company has announced the US$156 million final close of its new fund, which it said signified the emergence of private debt as an attractive asset class, offering a superior risk-adjusted alternative for African SMEs.
The fund attracted investors and development finance institutions (DFIs) mandated to maximise social impact and generate attractive returns, including the African Development Bank (AfDB), British International Investment (BII), the European Investment Bank (EIB), the US Development Finance Corporation (DFC), FMO, SwedFund, and CDC Tunisia.
Less than three years from initial closing, the fund has built a diversified portfolio of six pioneering businesses operating in more than 30 countries across Africa, employing over 7,500 people and impacting the lives of millions of Africans.
“When we established BluePeak in 2019, it was to form part of a solution to fill Africa’s funding gap. Difficulty obtaining capital for ambitious businesses has long held back their financial development and positive economic and social impacts. We are honoured to have secured the backing of such a prestigious group of investors and meet the unique and evolving needs of businesses. We are excited about the next phase, partnering with ambitious entrepreneurs to boost operational excellence, drive growth, strengthen ESG practices and unlock positive impact across Africa,” said Walid Cherif, BluePeak co-founder and managing partner.