The Transform Health Fund, a Pan-African blended finance investment vehicle, reached its final investment close at $111 million — which is $11 million over its target. The fund aims to invest in high-impact businesses providing private health care solutions across the continent, reaching underserved populations.
With its close, the fund won’t accept new investors. Moving forward, its teams will make investments and pay returns to investors. They’ve already invested in three companies.
Investors include a combination of development finance institutions, corporations, impact investors, donor-advised funds, and philanthropies, such as the International Finance Corporation, USAID, Proparco, Swedfund, U.S. International Development Finance Corporation, Merck & Co., Inc., Philips, FSD Africa Investments, Chemonics International, Grand Challenges Canada, Skoll Foundation, and UBS Optimus Foundation.