• European DFIs, BII, FMO, Swedfund, and SIFEM jointly committed to BluePeak Private Capital Fund II.
• The commitments strengthen BluePeak's mission to provide bespoke growth capital to mid-market businesses, an underserved segment. 
• The fund was launched less than four years after the first close of Fund I and is a testament of sustained investor confidence in BluePeak’s track record and performance.

BluePeak Private Capital, a leading alternative asset management firm dedicated to small—and medium-sized growth companies, has secured a $80 million first close for its new fund. BluePeak Private Capital Fund II (BPCF II) is an impact-driven private capital fund that seeks to provide its investors with superior risk-adjusted returns and downside protection by investing in scalable businesses operating in Africa across several sectors. The fund is the successor to BluePeak Private Capital Fund I.

BluePeak mobilises capital to fill financing gaps for businesses ready to scale. Since the firm's establishment in 2019, BluePeak has backed leading regional businesses including Grit Real Estate Income Group, ieng Group, Africure Pharmaceuticals, Watu Africa, and more, growing resilient businesses that create long-term value for investors, companies, and communities. 

BPCF II's first close attracted leading European Development Finance Institutions (EDFIs), including British International Investment (BII), FMO (the Dutch Entrepreneurial Bank), Swedfund, and Swiss Investment Fund for Emerging Markets (SIFEM), committing $30 million (BII), $15 million (FMO), $20 million (Swedfund), and $15 million (SIFEM), respectively. 

Africa's mid-market segment remains critically underfunded, with a persistent financing gap constraining the growth of otherwise viable businesses. These businesses often lack access to traditional financing due to insufficient collateral or limited credit history, despite their potential to generate jobs, expand access to essential services, and strengthen local value chains. 

BPCF II will invest in strategic and defensive sectors that are driving the continent’s growth, including manufacturing, pharmaceuticals, logistics, and financial services—industries with the potential to deepen local value chains and foster industrial clusters. With a strong focus on gender inclusion, the Fund is 2X Challenge qualified, promoting women's economic empowerment as a one of its core objectives along resilience and climate action.

BluePeak's leadership team brings decades of investment experience, maximising operational effectiveness to boost revenue growth and drive geographic expansion. Through deep sector expertise and global and local networks, BluePeak accelerates the rise of industry leaders and uncovers new areas for investment.

To date, BluePeak has raised $240 million in capital, backing eight portfolio companies operating across 25 African countries and supporting the creation and preservation of over 10,000 jobs. 

Walid Cherif, Managing Partner, BluePeak, said: We are proud to have the support of leading European DFIs as we continue to scale our mission of backing resilient and defensive businesses across high-growth markets. Their commitment is a strong vote of confidence in our strategy to combine performance with impact, and it plays a critical catalytic role in mobilising the capital needed to close the significant funding gap across the continent. Raising Fund II in less than four years since the first close of Fund I is a testament to sustained investor confidence driven by continued value creation and strategic positioning in the market."

"Businesses in Africa need financing to grow, but they often struggle to access funding, especially on flexible terms that meet their specific needs. That's why we are delighted to collaborate with our European counterparts as a consortium to support BluePeak’s Fund II and fuel the growth of private credit as an asset class. This partnership extends our reach and provides growth financing to empower businesses in Africa. Its success will serve as a model to attract more private capital," said Chris Chijiutomi, Managing Director and Head of Africa at British International Investment. 

"This investment supports Swedfund's goal of reducing poverty by enabling businesses to grow sustainably and increasing access to essential services and capital. We invest to increase financial inclusion and strengthen the private sector's ability to create jobs, especially for women and young people", says Jakob Larsson, Senior Investment Manager, Swedfund. 

 “FMO is pleased to be partnering again with BluePeak to provide much-needed growth capital to African entrepreneurs, supporting our mission of inclusive economic development across the continent. There is a clear funding gap for businesses that seek to retain ownership while still requiring growth financing to expand their operations. Through this partnership, we not only address this gap, but also strengthen our private capital strategy at FMO by collaborating with an experienced local partner capable of financing sustainable and inclusive growth across Africa,” said Annemarie van Duijn, Manger Private Equity Global Funds at FMO.  

"Investing in resilient, growth-oriented businesses is essential to driving long-term economic development. SIFEM’s commitment to BluePeak Fund II reflects our mission to catalyze inclusive growth, strengthen the private sector across Africa, support sustainable job creation, and empower local entrepreneurs," said Anthony Mwangi Njoroge, Principal and Co-Head Africa Fund of Funds at responsAbility, SIFEM's portfolio manager.