Hedge Fund Enko Capital Raises Private Credit Fund for Africa

Enko Capital, an Africa-focused hedge fund, has raised $100 million for its private credit strategy for mid-sized firms.

The alternative asset manager, which oversees $1.3 billion in debt, equity and private equity investments, is targeting to raise $150 million at final close and has a hard cap of $200 million, according to an e-mailed statement on Monday.

The fund seeks to address a structural credit gap facing mid-sized African companies, which Enko said are often underserved by traditional lenders. It also aims to demonstrate the commercial potential of private credit on the continent.

Enko is joining asset managers looking to ...