Vantage and BluePeak receive investments from Swedish LP
The Swedish development finance institution, Swedfund, has invested a total of $45 million in two private credit funds.
By investing in two Africa-based credit funds – BluePeak Private Capital Fund and Vantage Mezzanine Fund IV – Swedfund seeks to increase the availability of long-term growth capital for mid-sized companies and support the upscaling of businesses on the continent.
BluePeak is a sector-agnostic pan-African fund investing throughout the capital structure to tailor long term capital solutions designed to support a company’s growth plans. Swedfund has committed $20 million to BluePeak.
Vantage is the largest and one of the most experienced mezzanine investors on the African continent focusing on high-growth, mid-market businesses. The fund invests sector-wide, but with some prioritised sectors with expected positive impact on communities, such as ICT, healthcare and infrastructure. Swedfund has committed $25 million to Vantage.
”With these investments, Swedfund will help to close the funding gap for mid-sized companies. The Funds play an important role in providing companies with tailored financing, which will enable them to focus on growth and creating jobs,” says Maria Håkansson, CEO of Swedfund.
”We are also looking forward to work closely with the fund managers in advancing their strategies on increased gender equality, both at the fund level as well as in their respective portfolio companies,” Håkansson continues.
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