The Public Investment Corporation (PIC), South Africa’s largest asset manager, has announced a $30 million investment into Enko Capital’s private credit fund, reinforcing its commitment to driving economic inclusion and supporting high-growth businesses across Africa.
The fund, managed by Enko Capital, is targeting a final close of $150 million in the second half of 2026, with a hard cap of $200 million. Its core objective is to provide tailored financial solutions to African companies seeking growth capital, enabling them to scale and strengthen their market positions.
Patrick Dlamini, CEO of the PIC, commented:
Driving economic and financial inclusion is one of the pillars of our intermediaries mandate. Enko Capital provides the vehicle to deliver on this strategy and the broader mandate of generating returns for our clients.
Alain Nkontchou, Managing Partner at Enko Capital, added:
This investment from the PIC further strengthens Enko Capital’s partnership with the PIC, an institution that has supported Enko Capital since 2016.
Private credit is emerging as a critical financing tool for African businesses, offering flexible capital solutions in markets where traditional lending remains constrained. This partnership underscores PIC’s role in mobilizing capital for inclusive growth, while enabling Enko Capital to expand its reach and impact across the continent.
