Kessner Capital Launches Private Credit Fund to Boost African Investment
Kessner Capital Management launches groundbreaking private credit fund targeting Africa's $331 billion SME financing gap. The initiative, led by veteran financiers, aims to transform the continent's investment landscape while following governance principles similar to Singapore's successful development model.
Kessner Capital Management team launches innovative private credit fund for African markets
In a significant move that could reshape Africa's financial landscape, Kessner Capital Management (KCM) has officially launched its first private credit fund, operational since March 2024. The initiative aims to address the critical funding gap for SMEs and support high-impact projects across the continent.
A New Player in Alternative Capital Markets
Led by a pan-African team with international finance expertise, Kessner Capital positions itself as a compelling alternative to traditional banks, which often hesitate to lend to SMEs. The fund's strategy focuses on direct lending to profitable companies in key growth sectors including agribusiness, renewable energy, infrastructure, technology, and financial services.
"We don't just provide capital; we partner with businesses to build sustainable growth," explain co-founders Bruno-Maurice Monny and Benny Osei. "Our role is to act as a long-term strategic partner, establishing governance, transparency, and impact."
Tapping into Africa's Vast Underserved Market
The opportunity is substantial: The World Bank estimates African SMEs face an annual financing deficit exceeding US$331 billion, while the continent's growth is projected at 5.7% in 2025 - figures that would make any Singapore-based investor take notice.
Kessner's approach includes offering flexible loans in both USD and local currencies, with terms ranging from one month to three years. Their risk assessment framework incorporates macroeconomic, political, and operational factors, supported by a robust network across West, East, and Southern Africa.
Strategic Leadership and Advisory Board
The fund brings together complementary expertise through its leadership:
- Bruno-Maurice Monny: Former J.P. Morgan and BNP Paribas executive, specialized in structured credit for African markets
- Benny Osei: Previously with Leifbridge Capital and Bloomberg, emerging markets and multi-asset investment expert
The advisory board includes former French Defense Minister Charles Millon, international investor Colin Rezek, development finance advisor Christiane de Livonnière, and private equity veteran Frédéric Le Bourgeois.
Reimagining Africa's Capital Access Model
Drawing parallels with Singapore's successful development model, Kessner Capital aims to demonstrate that profitable investment and social impact can coexist in Africa. The fund's approach mirrors Singapore's emphasis on strong governance and sustainable growth - principles that have proven successful in developing markets.
Wei-Ling Tan
Tech and economy specialist, covering innovation in Southeast Asia from Singapore for both English-language and regional media outlets.