The UK based CDC Group has provided limited partner capital commitment of US$60-million to African funds known as Vantage Capital (US$30-million) and BluePeak Private Capital (US$30-million). The committed funding will be used to expand the existing credit-based funding to medium-sized businesses in in Africa.
Vantage Capital is Africa’s leading Mezz financier, capitalising on its strong position in the South African mezzanine market and building a portfolio of income generating mezzanine assets in South Africa and in the rest of Africa. Vantage Capital raised US$150-million in Mezz Fund 1, US$240-million in Mezz Fund 2 and US$280-million in Mezz Fund 3. Outside of South Africa, Vantage has invested in more than 12 transactions across Morocco, Côte d’Ivoire, Ghana, Nigeria, Uganda, Kenya, Mauritius, Namibia and Botswana.
BluePeak Private Capital is an alternative asset management firm established in 2019 and seeks to provide its investors with superior risk-adjusted returns and downside protection by investing in privately negotiated structured debt-like and equity instruments. The firm has assets under management of US$800-million with a presence in Tunis, Nairobi, Lagos and London.