The African Development Bank (AfDB) has announced that it will make an investment of $11 million in BluePeak Private Capital Fund, a Luxembourg-based private equity fund that invests in mid-sized companies across Africa.
BluePeak was founded in 2018 by a team of experienced investment professionals with a strong track record in Africa.
The fund has a focus on sectors such as healthcare, financial services, and manufacturing.
The AfDB’s investment in BluePeak is part of the Bank’s strategy to support the development of the private sector in Africa.
The Bank believes that BluePeak is well-positioned to make a significant impact in the region by investing in high-growth companies with the potential to create jobs and boost economic development.
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We are excited to partner with BluePeak to support the growth of the private sector in Africa,” said Akinwumi Adesina, President of the African Development Bank.
“BluePeak has a strong track record of investing in successful companies, and we believe that they can play a key role in helping to create jobs and drive economic growth in the region.”
“We are grateful for the support of the African Development Bank,” said Jean-Michel de Blic, Managing Partner of BluePeak. This investment will allow us to continue to invest in high-growth companies across Africa and help them to reach their full potential.
The AfDB’s investment in BluePeak is a significant development for the private equity market in Africa. The investment is a vote of confidence in the region’s economic potential and a sign that the AfDB is committed to supporting the development of the private sector in Africa.
Private Equity News Africa
