EG Capital adds GAGC to EG-Economic Empowerment Fund investor base
Private credit fund targets food security, healthcare, and education.
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EG Capital announced that Global Africa Growth Corporation (GAGC) has joined its EG-Economic Empowerment Fund (EG-EEF) as an investor.
EG Capital said that, with the participation of the anchor investor, it has secured cornerstone commitments toward its first close, including $10 million of African institutional and entrepreneurial capital. The firm said it is preparing for its final closing over the next 18 months.
EG-EEF is a private credit fund focused on providing structured growth capital to scalable businesses in food security, healthcare, and education.
Sandrine Henton, managing director of EG Capital, commented: “Welcoming GAGC as an investor in the EG-EEF Fund is a powerful endorsement of our strategy and our conviction that African capital must play a central role in financing Africa’s future. GAGC brings not only long-term capital, but deep entrepreneurial insight and regional understanding that are fully aligned with our investment philosophy and impact objectives.”
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