Enko Capital Raises $100M Private Credit Fund for African Economic Growth

Enko Capital, an Africa-focused alternative asset manager with $1.3 billion in assets under management, has announced the first close of its impact-focused private credit fund, raising $100 million towards its $200 million target. Investors in the fund include British International Investment (BII), the International Finance Corporation (IFC), and other global and African institutions.

The fund aims to provide US dollar-denominated private credit to mid-market companies in non-cyclical sectors like agriculture, telecommunications, manufacturing, renewable energy, and financial services. This initiative seeks to address the credit gap faced by mid-sized African firms to stimulate economic growth in the region.