LONDON, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Enko Capital, a leading African alternative asset manager with US$1.4 billion in Assets Under Management (AUM), announced today that one of South Africa's largest asset managers, the Public Investment Corporation (PIC), which manages just over 3.5 trillion Rand (US$ 204 billion) in AUM, has invested US$30 million into Enko's private credit fund. The fund is targeting a final close of US$150 million in H2 2026, with a hard cap of US$200 million.

This investment marks a significant achievement for Enko Capital in its diversification into private credit as a key investment pillar of its investment strategy. This further underscores Enko Capital's ability to deliver differentiated access to underpenetrated mid-market small and medium enterprises (SMEs) opportunities, that meets the growing demand for sustainable investments. The PIC joins an illustrious list of existing impact and commercial investors invested in the strategy.

With African mid-market SMEs facing an estimated funding gap of US$330 billion, the private credit fund aims to play a crucial role in bridging this financial shortfall. The fund's primary objective is to provide bespoke financial solutions necessary to support growing companies in Africa, thereby promoting their operational longevity. Funding from the PIC further ratifies the emergence of private credit as a strategy that minimises the delays to investment returns common with other private investment types: a self-liquidating investment opportunity which offers investors risk-adjusted returns while demonstrating significant impact on the continent. It also signifies growing confidence in Africa's economic potential and the role of private capital in driving ...