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AHL Venture Partners has announced the second close of its AHL Africa Credit Fund I (ACF). The fund has raised $45.5 million from family offices and family foundations, towards a $70 million target.
The latest close includes a $15 million senior facility, with Ceniarth providing $5 million and a co-investor providing the remaining $10 million.
Anchored by the AHL Foundation, the fund is designed to attract private capital from high-net-worth individuals, family offices, local asset managers and foundations seeking exposure to African credit markets.
The fund provides senior secured, mezzanine and bridge loans of $2–10 million to high-growth, profitable businesses across East, West and Southern Africa.
Rosanne Whalley, CEO of AHL Venture Partners, said: “Having spent years now working to mobilise capital into African impact investing, I’ve come to see the core problem differently. There are brilliant, high-growth businesses across the continent solving real problems. And there is genuine capital sitting with family offices, local asset managers and global allocators who want exposure to African private markets. But, there is a matching problem in finding a structure that works for both. Our aim at AHL is to partner with capital allocators to get more capital consistently flowing into African private markets. A big thank you to Ceniarth and our LPs for the confidence you have shown in the AHL team and platform.”
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