Enko Capital receives commitment from IFC for new credit fund
The IFC has confirmed it will invest up to the lower of $25 million or 20% of the fund’s total limited partner commitments.
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Enko Capital, an African-focused asset management firm, has secured a commitment from the International Finance Corporation (IFC) for its new Impact Credit Fund (EICF).
The IFC has confirmed it will invest up to the lower of $25 million or 20% of the fund’s total limited partner commitments. The project is being processed under the IFC’s Debt Funds Project (DFP) Investment Framework.
EICF is Enko’s first private credit fund, with a target size of $150 million and an initial close of $80 million expected in the third quarter of 2025. The fund aims to invest in a diversified portfolio of US dollar-denominated senior secured and unsecured debt to mid-sized corporates across sub-Saharan Africa, excluding South Africa.
Alain Nkontchou, managing partner of Enko Capital, said, “We are delighted to have received this invaluable support from IFC for our debut private credit fund. The fund will provide critical growth capital for mid-market SMEs on the continent and will deliver both positive social impact and compelling risk-adjusted returns. This growth capital can help address the massive funding gap which businesses on the continent face while driving sustainable development.”
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