Investec Africa Credit Opportunities Fund

Specialist investment manager focusing on South Africa

Overview

Towards the end of 2012 CDC committed US$30m to the Investec Africa Credit Opportunities Fund I sub Saharan Africa s first corporate debt fund which is run by Investec Asset Management. The commitment was the first made by CDC s debt and financial institutions team.Debt investments which are made directly to companies and financial institutions as well as through funds represent an additional medium through which CDC provides capital. CDC has long adopted a flexible approach towards investing and providing debt and direct equity under the terms of CDC's strategy for 2012 onwards will enable us to meet a greater range of capital needs and target investment towards opportunities with the greatest potential for job creation.The Investec Fund which is also supported by Dutch development bank FMO will provide long term capital to businesses of different sizes and sectors across a wide range of countries in sub Saharan Africa (excluding South Africa). The team is aiming to raise up to US$350m for the fund from a range of commercial investors both in Africa and beyond. CDC played a key role in anchoring the fund and helping the team put the right terms and systems in place.