Investment Strategy
Capital Deployed at Infrastructure Scale
We combine institutional capital with proprietary origination and vertically integrated EPC capability, targeting risk-adjusted returns across Africa's most critical infrastructure sectors.
Investment Thesis
Why Infrastructure. Why Africa. Why Now.
Infrastructure as an Asset Class
African infrastructure assets offer inflation-linked, long-duration cash flows underpinned by sovereign demand and structural supply deficits. We target assets with 15–25 year concession or offtake frameworks that deliver predictable, uncorrelated returns.
The African Opportunity
Africa's infrastructure financing gap exceeds $100 billion annually. Population growth, urbanisation, and the African Continental Free Trade Area are creating sustained demand across energy, transport, digital, and water sectors for decades to come.
Integrated Return Enhancement
Our unique position as both investor and EPC contractor allows us to capture construction margin within our investment structures, generating a return premium that pure financial infrastructure investors cannot access.
Strategic Pillars
Four Pillars of Our Investment Edge
Proprietary Origination
Direct relationships with sovereign governments, development finance institutions, and project developers built over two decades on the ground.
Blended Finance Architecture
We mobilise DFI, MDB, and institutional LP capital through innovative structures that de-risk private investment and improve bankability.
Vertically Integrated Returns
Our EPC capability allows us to capture construction margin within investment structures, a return enhancement unavailable to pure financial investors.
Active Asset Management
Post-financial close, our regional teams manage operational performance, ESG reporting, and value-creation initiatives across the portfolio.
Fund Structures
How We Deploy Capital
Equity Co-Investment
Direct equity stakes in infrastructure projects alongside DFI and institutional co-investors, with governance rights and performance-linked distributions.
Infrastructure Fund LP
Closed-end fund structures with defined investment periods, capital calls tied to project milestones, and waterfall distributions aligned to LP economics.
Project Finance SPVs
Special purpose vehicles structured around individual projects, combining senior debt, mezzanine tranches, and equity to optimise the capital stack.
Blended Finance Facilities
DFI first-loss capital combined with institutional LP investment to de-risk frontier market exposure and improve bankability for private investors.
Investment Process
From Origination to Realisation
Origination
Sovereign relationships and on-the-ground presence generate proprietary deal flow unavailable to global fund managers.
Due Diligence
Multi-discipline technical, financial, legal, and ESG due diligence conducted by our in-house investment and engineering teams.
Structuring
Bespoke capital stack design combining DFI, MDB, institutional, and EPC proceeds to achieve bankability and target returns.
Execution
Financial close managed in parallel with EPC mobilisation, eliminating the time gap between capital deployment and project commencement.
Asset Management
Active post-close management including operational oversight, ESG reporting, and value-creation initiatives across the portfolio.
Realisation
Structured exit through concession expiry, secondary market sale, or IPO depending on project type and investor mandate.
Interested in co-investment?
Talk to our investor relations team about fund access, co-investment, and partnership structures.