BluePeak Private Capital and Vantage Mezzanine Fund IV, two Africa-focused credit funds, have received a total of USD 45mn from Swedfund.
With this commitment, the Swedish DFI is helping to close the funding gap for mid-sized companies that suffer from a lack of collateral and formal credit history. BluePeak, which is a sector-agnostic pan-African fund, will receive USD 20mn to support SMEs and mid-market companies, while the mezzanine investor will receive USD 25mn to invest in areas such as ICT, healthcare and infrastructure.
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