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BluePeak Private Capital, a private capital firm focused on supporting the growth of scalable businesses in Africa, has reached a final close of its Private Capital Fund SCSp at $156 million.
 
The fund is backed by a prestigious group of investors, including the African Development Bank (AfDB), British International Investment (BII), the European Investment Bank (EIB), the US Development Finance Corporation (DFC), FMO, SwedFund, and CDC Tunisia.

BluePeak invests in a variety of sectors, including healthcare, education, financial services, manufacturing, and technology.
 
The firm focuses on companies that are generating revenues between $10 million and $80 million and have the potential to become pan-African market leaders.

One of BluePeak’s first investments following the first close of the Private Capital fund was in Grit Real Estate Income Group Limited (Grit), a London Stock Exchange-listed company that invests in and manages a diversified portfolio of high-quality African assets.
 
BluePeak’s investment in Grit will help the company expand its portfolio of industrial and health facilities in East Africa.

The firm has gone on to assemble a diverse portfolio of six pioneering businesses operating across more than 30 African countries, including ieng, a leading pan-African provider of end-to-end infrastructure solutions for the telecoms industry operating out of Ghana and Africure, a pan-African manufacturer and distributor of pharmaceutical products.

The African Development Bank (AfDB) invested $11 million in the private capital fund as part of its commitment to supporting the growth of small and medium-sized enterprises (SMEs) in Africa.
 
SMEs are the backbone of the African economy, but they often face challenges in accessing financing.
 
BluePeak’s investment fund will help to address this challenge by providing SMEs with the growth capital they need to expand and create jobs.

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