📋 Tender Overview
Project Number
50305
Company Name
Enko Private Debt Management
Date SPI Disclosed
May 22, 2025
Country
Mauritius
Region
Africa
Projected Board Date
Jun 20, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Funds
Sector
Other Non-Private Equity Fund
Project Number
50305
Company Name
Enko Private Debt Management
Date SPI Disclosed
May 22, 2025
Country
Mauritius
Region
Africa
Projected Board Date
Jun 20, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Funds
Sector
Other Non-Private Equity Fund
Project Number
50305
Company Name
Enko Private Debt Management
Date SPI Disclosed
May 22, 2025
Country
Mauritius
Region
Africa
Projected Board Date
Jun 20, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Funds
Sector
Other Non-Private Equity Fund
Project Description
IFC's proposed equity investment in Enko Impact Credit Fund (EICF or the Fund) will be up to the lower of US$25 million or 20% of total Limited Partner (LP) commitment to the Fund. EICF will be established by Enko Capital (the Fund Manager or Enko), an Africa-focused asset management firm managing debt and equity investments across the continent. The Fund has a target LP commitment size of US$150 million, targeting US$80 million at first close, expected to take place in Q3 2025. The Fund's objective is to invest in a diversified portfolio of USD denominated senior secured and unsecured debt to mid-sized corporates in sub-Saharan Africa, excluding South Africa.
The Fund will seek to invest in SDG-aligned, ESG focused and gender-oriented businesses, while generating commercial returns and utilizing guarantees, insurance wraps and collateral to hedge downside credit risks. EICF will target gross USD returns in the range of 14-16%, comprising cash coupons of 9-11%, with the remaining returns expected from embedded upside structures.
