Enko Capital secures $100m first close for Africa-focused private credit fund

ENKO Capital, an Africa-focused alternative asset manager with $1.3 billion in assets under management, has announced the first close of its new impact-focused private credit fund, raising $100 million (around R1.7 billion) toward a $150m target, with a hard cap of $200m at final close.

- SIPHELELE DLUDLA

The fund attracted commitments from several high-profile investors, including British International Investment (BII), the UK’s development finance institution; the International Finance Corporation (IFC), a member of the World Bank Group; SICOM Global Fund Limited; a leading European impact investor; and a number of African pension funds and family offices. The Enko Impact Credit Fund will provide US dollar-denominated private credit to mid-market companies across Sub-Saharan Africa, targeting established, cash-generating businesses in resilient sectors such as agriculture, telecommunications, manufacturing, renewable energy, and financial services. By delivering flexible, tailored financing to well-managed enterprises often underserved by traditional banks, the fund aims to help close the region’s structural credit gap and showcase the commercial viability of private credit in Africa.