About
46 Parallels is a pan-African investment partnership with a
specific focus on Sub-Saharan Africa (SSA) excluding South Africa. The
team is based in London, Lagos and Nairobi.
We specialise in investing capital into SSA in a sustainable and responsible manner through equity-linked debt,
targeting companies with robust business plans, strong asset backing,
solid growth prospects and consistent cashflows. We believe that this
approach allows investors to capitalise on the African Opportunity,
without exposure to the traditional constraints of illiquid public or
private equity funds.
The name ‘46 Parallels’ defines the area between two key lines of
latitude: the Tropics of Cancer and Capricorn, north and south of the
Equator. The Fund’s focus will be on SSA countries lying between these
two latitudes, where we believe market opportunities are at their most
promising.
46 Parallels is an investment management partnership, launched in Q2
2011. It is a joint venture between TIA Capital Management LLP (TIA) and
the JMH Group, and was formed to build, structure and launch an African
investment fund, realising a strategy developed by TIA since 2009.
Our primary focus is to launch a closed-ended fund strategy
specialising in Sub-Saharan African debt investments. The partnership is
targeting a first close of the Fund at $100 million.
Since its launch, 46 Parallels has been financially backed by the
JMH Group, an international conglomerate whose businesses include
Fosroc, the fourth largest construction solutions business in the world,
and whose core earnings mainly originate from emerging markets. Other
businesses include JMH Capital Management, the investment office of the
JMH Group. The Group’s involvement in 46 Parallels is a continuation of
its long history of investment into global emerging markets.
Thus far, the business has offices in London, Lagos and Nairobi.
Local access and a strong presence on the ground in Africa are key to
the firm’s investment strategy and activities.
46 Parallels conducts regulated investment business in
the UK through 46 Parallels Limited, which is authorised and regulated
by the Financial Conduct Authority (registered number 554385)...."
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