Merck & Co.

About the fund

Transform Health Fund is a blended-finance vehicle established through a partnership between AfricInvest and the Health Finance Coalition, deploying equity, mezzanine, and debt capital to expand locally-led healthcare delivery and digital health solutions across Africa. The fund targets vulnerable and underserved patient populations, with a dual-tranche structure separating impact-first concessional investors from commercial investors to optimize risk-return profiles across the capital stack. Operating across the African continent, the fund addresses gaps in primary and digital care infrastructure by supporting locally-managed healthcare enterprises and technology-enabled service providers. With a target capitalization of USD 100 million and final close achieved at USD 111 million, the fund is positioned to support growth-stage and established healthcare operators seeking flexible financing solutions. The fund is open to development finance institutions, foundations, and institutional investors.