First close for AfricInvest-managed health fund
The Health Finance Coalition announced the close of the first $50 million for the pan-African Transform Health Fund (THF), managed by AfricInvest. With this first close, the THF will begin investing in innovative models to improve access, affordability, resilience, and quality of healthcare in Africa.
The fund is a joint venture between the Health Finance Coalition and AfricInvest, bringing together commercial, public, and private donor investments from Royal Philips, Merck & Co., Inc., the U.S. International Development Finance Corporation (DFC), the International Finance Corporation (IFC), Swedfund, FSD Africa Investments, Grand Challenges Canada (with funding from Global Affairs Canada), U.S. Agency for International Development (USAID), Netri Foundation, Anesvad Foundation, Chemonics International, and MCJ Amelior Foundation.
The THF will provide debt and mezzanine financing to scale high-impact health enterprises serving vulnerable communities while offering risk-adjusted returns to investors.