Enko Capital launches Africa focused debt fund as it forays into continent
UK based asset management company Enko Capital has announced the launch of Enko Africa Debt Fund (EADF), with $200m assets under management (AUM).
Enko Capital is an asset management company focused on investing in opportunities across Africa through three distinct platforms: Private Equity; Listed Equity and Fixed Income.
The EADF will invest solely in fixed income securities issued by corporates and sovereigns, denominated in local and hard currencies across Africa.
Alain Nkontchou, Managing Partner of Enko Capital said, “We are pleased to broaden our Africa-focused investment strategies to include a new debt fund which will give our investors an opportunity to capture value embedded within the African fixed income landscape. The launch of EADF leads Enko Capital Group closer to its ambition of becoming the leading pan-African asset manager.”
The EADF’s strategy is aimed at providing investors with exposure to Africa’s relatively high fixed income yield. Enko Capital Group currently manages the Enko Opportunity Growth Fund (EOGF) and the Enko Africa Private Equity Fund (EAPF).
The EAPEF is a private equity fund focusing on mid-tier companies that are suitable for listing on local stock exchanges within a few years from investment. The EOGF is an open-ended fund designed to provide investors with exposure to the best growth opportunities offered within the African equity markets.
Enko has offices in London and Johannesburg and is regulated by the Financial Conduct Authority in the UK and the Financial Services Board in South Africa.