CDC Group, the UK’s development finance institution (DFI) and impact investor, has made a $60 million commitment under its African Private Credit Fund Strategy, which aims to address a significant credit market dislocation and mid-market financing gap, a situation intensified by the Covid-19 crisis.

CDC’s latest commitment covers two investments: a $30 million investment in Vantage Mezzanine Fund IV which is managed by Vantage Capital, an established pan-African fund manager; and a...