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Westbrooke’s SA private debt business partners with Unifi to accelerate their growth

Westbrooke Alternative Asset Management is pleased to announce the closing of a senior secured financing facility to Unifi. The funding will accelerate the next phase of Unifi’s growth and allow Unifi to continue to support their clients’ ambitions.

Unifi is an innovative provider of consumer loans to consumers in Sub-Saharan Africa, with a presence in South Africa, Zambia, Tanzania and Uganda.

Brent Blankfield, Fund Manager for Westbrooke’s Income Plus private debt fund said “We are proud to be a financing partner to Unifi and to assist them with the next phase of their growth. At Westbrooke, we aim to be a long term, flexible funding partner to alternative lending companies and are looking forward to growing with Unifi”

Michiel le Roux, CEO of Unifi said “Unifi is a growth company with big plans. We’re happy that Westbrooke is supporting our ambitions!”

Founded in 2004, Westbrooke was established as a multi-asset, multi-strategy manager of alternative investment funds and products. Westbrooke invests and manages capital in multiple geographies on behalf of its shareholders and investors in private equity, venture capital, private debt, hybrid equity and real estate

Westbrooke’s SA private debt business is a leading provider of flexible funding solutions to lower–middle market companies, entrepreneurs, investment holding companies, alternative lenders, real estate and private equity sponsors.

The Unifi senior debt facility was provided by the Westbrooke Income Plus Fund which provides investors with an attractive cash yield in excess of that provided by traditional fixed income funds (currently c.10% per annum). The Fund is focused on the generation of a consistent cash yield by investing in a diversified portfolio of secured, senior or subordinated, interest-paying credit investments.

 

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