Sector focus

Three sectors, deep conviction

We concentrate our capital and network where emerging-market growth is most pronounced — and where our track record gives us a genuine edge.

01 — Natural resources

Unique access across Africa

Africa is the richest continent on earth in natural resources. Our access and track record there, combined with globalization-driven demand, create distinctive investment opportunities. Our approach is built on disciplined value creation:

  • Securing mining licenses across Africa
  • Investing the capital required to conduct feasibility studies
  • Securing co-investments from global strategic investors
  • Securing financing from banks and off-takers
  • Retaining a minority interest in producing assets

02 — Telecom & technology

The digital wave across MEA & Asia

The Middle East, Africa, and Asia are among the fastest-growing markets for telecom and technology services. We hold strong relationships across the rapidly consolidating telecom sector and the expanding tech ecosystem.

Our track record spans mobile and fixed telecoms, satellite services, video distribution, fintech, edtech, agtech, and online commerce — and as the economy digitizes across the region, the opportunity set keeps widening. Our strategy is to build dedicated private equity vehicles, including an African Tech fund currently under formation.

Active across the UAE, Saudi Arabia, Kuwait, Qatar, Iran, Oman, Bahrain, Algeria, Egypt, Tunisia, India, Pakistan, South Africa, Côte d'Ivoire, Senegal, Mali, Togo, DR Congo, Chad, Niger, Cameroon, Nigeria, Kenya, Tanzania, Burkina Faso, and Mauritania.

03 — Energy

Powering the continent

McKinsey estimates Africa needs roughly $490 billion of capital for new generating capacity, plus another $345 billion for transmission and distribution. Sub-Saharan Africa is extraordinarily rich in potential — with 10 terawatts or more of generating capacity.

Our highly experienced energy team has worked on privatizations, public-private partnerships, and IPP development across hydroelectric, thermal, and solar sources. Our project development focuses on:

  • Securing IPPs with attractive Power Purchase Agreements
  • Investing capital to fund feasibility and de-risk projects
  • Securing strategic and financial partners while retaining a minority interest

Our discipline

Bottom-up analysis, top-tier partners

Across every sector, we originate, structure, and govern — keeping a minority stake and aligning with the strongest strategic and financial partners.

Where we invest