BluePeak Private Capital, an alternative asset manager firm that helps expand rapidly expanding businesses in Africa with the help of privately negotiated and structured debt-like instruments, has closed its first private capital fund at a total of US$156 million.
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 were among the investors and development finance institutions (DFIs) that put money into the fund because they wanted to make a profit while also doing good for society.
Founded in 2019, BluePeak Private Capital is an alternative asset management company with locations in Tunis, Nairobi, and London.
“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 honored to have secured the backing of such a prestigious group of investors and to 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.
In less than three years from its original inception, the fund has amassed a diverse portfolio of six innovative companies that operate in over 30 African nations, employ over 7,500 people, and have a significant positive influence on the lives of millions of Africans.
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