South African investment firm Creation Capital has launched a listed private credit fund aimed at addressing the country’s estimated ZAR350bn ($21bn) funding shortfall for small and medium-sized enterprises, according to a report by Bloomberg.
The fund is one of the first vehicles of its kind to combine privately originated loans with an exchange-listed structure.
The Creation Yield Fund began trading in Cape Town on Wednesday with a target fund size of ZAR3bn and an initial issuance of ZAR300m,...
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