Abu Dhabi: Gulf Capital, an Abu Dhabi based alternative firm announced that it will expand its Private Debt business to sub-Saharan Africa through an exclusive partnership with Serengeti Capital, an Africa-focused investment bank, with offices in Accra and London.
Serengeti Capital will be advising on credit and mezzanine investment opportunities in sub-Saharan Africa for Gulf Capital’s second generation private debt investment fund, a press release by Gulf Capital said.
Gulf Capital’s Private Debt arm, Gulf Credit Partners, has recently announced the first closing of its second flagship fund, Gulf Credit Opportunities Fund II, at $175 million. The company’s first fund, which closed at around $221 million in 2013, is now fully invested, the company said.
