Creation Capital has listed a new private credit fund on the Cape Town Stock Exchange, with aims to target South Africa’s $21bn (£15.5bn) funding gap for small and medium-sized businesses.
The Creation Yield Fund is a hybrid private credit vehicle that combines privately originated debt investments with a listed note structure, the specialist investment manager said.
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The fund has a target size of R3bn – around $21bn – and launched with an initial issuance of R300m. The vehicle is designed to provide institutional investors with exposure to private credit through a listed instrument.
“Private credit has become increasingly attractive to investors because it can unlock differentiated yield opportunities in areas of the economy that are often underserved by traditional lenders,” said Kasief Isaacs, chief executive of Creation Capital.
“By bringing the fund to market through a listed note structure, Creation Capital enables investors to access private credit exposure through a regulated, exchange-listed instrument.”
Read more: Sagard raises $1bn for third private credit fund at first close
