BLUEPEAK PRIVATE CAPITAL FUND, SCSP
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The BluePeak Private Capital Fund (BluePeak) aims to provide growth capital to small and medium companies in North, West and East Africa and up to 20% in the Levant. BluePeak targets to raise USD 200m in commitments and will be managed by BluePeak Private Capital which is a newly established fund manager with a head-office in Tunisia. The business is owned by a team that has worked together for many years managing similar funds. This is a new relationship for FMO.
What is our funding objective?
BluePeak is a specialist mezzanine fund manager. Mezzanine financing consists of a blend between debt and equity financing. Such financing helps to addresses the funding gap that exists for companies who prefer to retain the ordinary equity whilst requiring growth funding to expand their businesses. The instrument thus includes a fixed repayment schedule (like debt) whilst also including some upside participation (akin to equity) if the business is successful. BluePeak will invest across multiple sectors with a target investment size of USD15-20m. Focus countries include Kenya, Tanzania, Ethiopia, Uganda, Ghana, Nigeria, Cote d’Ivoire, Senegal and Zambia, Morocco, Tunisia and Egypt.
Why do we fund this investment?
BluePeak has a very experienced and professional management team that is committed to building a world class fund management business committed to the highest ESG standards. By supporting BluePeak we collaborate with a local partner to help finance growth and empower entrepreneurs in the African continent.
What is the Environmental and Social categorization rationale?
Even though the fund is a ‘blind pool’ (i.e. contains no investments at the outset), we have classified this fund commitment as risk category A since some of the companies in their pipeline are considered to be high risk. Doing so results in increased requirements and oversight to ensure that ESG risks are adequately addressed. BluePeak has demonstrated a strong commitment to implementing high ESG standards in their selection and execution of investments. They have in-house capability to do so and FMO will support the manager in further developing and implementing ESG best practice.
- Website customer/investment
- https://www.bluepeakpc.com/
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 3/15/2021
- Effective date
- 5/21/2021
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A