South Africa: IFC proposes $20m allocation to private credit special situations fund
The IFC has proposed an investment of up to $20 million in the Greenpoint Capital Special Situations Credit Fund, which has a target size of $100 million. The fund will be managed by Greenpoint Capital, an experienced private credit fund manager. The Greenpoint Fund will deploy capital to financially stressed but otherwise viable operating companies in southern Africa.
Greenpoint, established in Cape Town in 2011, has a track record of investing in mid-market companies in South Africa since 2011. To date, Greenpoint has executed 62 deals and realised 51.
The fund will primarily focus on South Africa, with a maximum 20% capital allocation to other southern African countries.
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