BluePeak Private Capital, an alternative asset manager firm supporting the growth of scalable businesses in Africa through privately-negotiated and structured debt-like instruments, has reached a final close of US$156 million for its inaugural private capital fund, BluePeak Private Capital Fund SCSp. With a presence in Tunis, Nairobi, and London, BluePeak Private Capital is an alternative asset management firm established in 2019. The company has announced the US$156 million final close of its new fund, which it said signified the emergence of private debt as an attractive asset class, offering a superior risk-adjusted alternative for African SMEs. “When we established BluePeak in 2019, it was to form part of a solution to fill Africa’s funding gap. Difficulty obtaining capital for ambitious businesses has long held back their financial development and positive economic and social impacts.

Source: The North Africa Journal October 31, 2023 19:58 UTC