‎ CDC Group has announced a new African private credit fund strategy. In this context, the IFD intends to disburse 60 million dollars.

The new strategy aims to address a significant dislocation in the credit market and a funding gap in the middle market, a situation intensified by the Covid-19 crisis. ‎‎ In a statement released Tuesday, September 14, CDC says the commitment covers a $30 million investment in Vantage Mezzanine Fund IV, managed by Vantage Capital, an established pan-African fund manager; and a $30 million investment in BluePeak Private Capital Fund I, BluePeak's first fund. These are the first fund investments under CDC's African Private Credit Funds Strategy . With this action, the CDC's African Private Credit Fund seeks to attract more commercial investors to African markets. All of this will contribute to developing reliable , long-term private debt platforms that can facilitate economic growth, employment and sustainable development across the continent.