BluePeak Private Capital – an alternative investment firm with a strong focus on Africa – has raised capital of more than USD100 million for the initial closing of its flagship private credit and mezzanine fund, BluePeak Private Capital Fund SCSp (the Fund).
The Fund is targeting a final close of USD200 million, with a hard cap of USD250 million, the Caisse des Dépôts et Consignations (CDC) said Thursday.
Based in London, Tunis, Nairobi and Lagos, BluePeak Private Capital is an asset management company established in 2020. The company was founded to fill a financing gap and focus exclusively on providing tailored financing solutions for businesses across Africa.
Walid Cherif, co-founder and Managing Director of BluePeak Private Capital, says: “It’s quite an achievement for a firm that was launched less than 2 years ago.”
Nejia Gharbi, Acting Managing Director, Caisse des Dépôts et Consignations (CDC Tunisia), says: “As a long-term impact investor, CDC Tunisia seeks, through its investments, to support all forms of financing to SMEs. BluePeak’s strategy fits well with this logic by providing the capital needed by SMEs and also by the Tunisian economy. By its commitment to the Fund, CDC Tunisia believes that a new perspective is opening up to SMEs which deserve all the support available.”
The Fund’s initial closing is backed by leading African investors including CDC Group, the UK’s development finance institution and impact investor; the European Investment Bank, the European Union’s bank, DFC, the US Development Finance Corporation, FMO, the Dutch entrepreneurial development bank and the “Caisse des Dépôts et Consignations” CDC Tunisia.
The Fund will provide bespoke financing solutions to small and mid-market companies and private equity sponsors operating in Africa that generate revenues between USD10 million and USD80 million and operate in growth sectors that are non-cyclical in nature.
The Fund is expected to make investments of USD10 million to USD25 million each throughout its 10-year life.
