Boutique investment house · Africa · Southeast Asia · the Gulf

The pursuit of excellence in frontier growth markets.

We invest our own capital first, in businesses whose supply chains we understand, and we structure every position for the downside before the upside. Co-investors and limited partners underwrite alongside us, deal by deal.

Our approach Investor access

Our strategies

What we do

Growth equity

Essential businesses

Minority and control growth capital for healthcare supply, industrial distribution, trade services and digital infrastructure in East and West Africa, the Philippines and Indonesia.Read the strategy
Pharmacist organising medicines and medical supplies in a clinic storeroom.
Private credit

Trade-linked lending

Senior secured and asset-backed loans to mid-market companies that banks under-serve, in the Gulf, Africa and Southeast Asia, with Shariah-compatible structures where required.Read the strategy
Warehouse operator checking industrial goods and inventory.
Resources

Structured mining capital

Partnerships in new and expanding gold and copper mines in Africa, through earn-ins and asset-level joint ventures with a technical partner, governed by a published jurisdiction framework.Read the strategy
Geologist examining mineral core samples in a core tray.
4operating holdings across pharmaceutical distribution, industrial trading, commodities and digital infrastructure
2instruments in every mandate: equity and private credit, chosen by the asset
3regions where our teams and counterparties are on the ground
1stcheque in every transaction is our own capital

How we work

Maximum excellence per dollar invested.

We invest our own capital first, then we come in and work alongside management. Every dollar has one job: to make the business better at what it sells, how it earns and how it grows. The order matters, and it starts with the top line.

How we create value Three operations colleagues reviewing a plan around a warehouse table.

  1. Invest

    Our own capital first, at the asset level and structured for the downside. Co-investors join on identical terms.

  2. Grow the top line

    Priority one. More from existing customers, new customers won with discipline, prices set to the value delivered.

  3. Sharpen the bottom line

    Priority two. Purchasing, cost to serve, working capital and price leakage, without cutting what drives growth.

  4. Simplify

    One strategy on one page. Fewer products, markets and entities that dilute focus. KPIs everyone can see.

  5. Scale up

    The stronger business becomes a platform: add-on acquisitions in the same sector and corridor, integrated with one playbook.

  6. Fund the roll-up and exit

    Co-investors and credit fund the add-ons. The exit route, to a strategic buyer, a larger sponsor or a listing, is written at entry.