Africa-Press – Lesotho. BluePeak Private Capital is planning debt investments in unnamed pharmaceutical and telecoms companies in sub-Saharan Africa, Walid Cherif, founder and managing director, tells The Africa Report.
The firm is planning to invest in a pharmaceutical manufacturer that operates in seven countries in sub-Saharan Africa and supplies 20 countries on the continent, Cherif says from Tunis.
The investment will be used to help build a manufacturing plant in East Africa, he says.
BluePeak is also carrying out due diligence for an investment in a sub-Saharan African telecoms services company, Cherif adds.
The fund, set up in 2019, sees potential in private debt as a way to finance small, family-owned African businesses reluctant to give up control by selling equity.
The fund reached a first close at $116m in September.
Cherif hopes the fund will soon hit the $150m mark with money from two new investors and is targeting a final close of $200m in 2022.
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