Nigeria, April 29 -- To support small and medium sized enterprises in Africa-and to protect jobs at those businesses-IFC and TLG Capital today announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75 million raised.IFC, through its Distressed Asset Recovery Program (DARP), is anchoring the AGIF II Fund with a commitment of up to $20 million, which is also backed by Swedfund, Norfund, Bpifrance, and the UK Foreign, Commonwealth & Development Office (FCDO) through its Manufacturing Africa program.The fund will provide financing in partnership with African banks to support up to 20 SMEs that face stress with their existing loan options. This financing offers them a local capital lifeline to w...