46 Parallels

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)...."

http://www.46parallels.com/ 

Plena Group

"Plena Group was founded as a Swedish family investment company in 1980. We are now an investment house based in Luxembourg that mainly focuses on Emerging Markets.

Plena has over the years operated companies in several countries in mature as well as developing and early stage markets. We have held assets in most sectors of industry and commerce. Plena Group focuses on emerging markets such as MENA, Africa and the Far East in industries such as Construction, Energy, Finance and Venture Capital.

Our sustained success results from fostering an entrepreneurial mind-set amongst our managers, employing cautious financial policies, managing investments actively as well as committing to the enterprises over a longer period. Typical investment size ranges from EUR 500 thousand up to EUR 20 million.

At Plena we deploy capital depending on the investment opportunity:

• Controlling stakes: Plena generally takes the lead role in managing and developing businesses within the industries we operate.
• Minority stakes and/or listed SME companies: Plena collaborates with management and can take a supervisory position.
• Asset Backed Lending and/or convertible loans: Plena aims to, on a selective basis and with strong collateral and underlying enterprises, grow this area of its portfolio.

Plena Group is always looking for investment opportunities which fit our criteria. We hope you will find a potential partnership with PLENA a compelling proposition and look forward to hearing from you...."

http://www.plena-group.com/ 

Oiko Credit

Oikocredit is a worldwide cooperative and social investor, providing funding to the microfinance sector, fair trade organizations, cooperatives and small to medium enterprises.

Loans

Over the years, we’ve developed a range of financial products that can be tailored to meet the needs of each specific partner.

We give loans instead of grants as we believe that loans are more effective for achieving economic productivity. Loans create a real business partnership based on mutual respect.

Credit lines

We provide credit lines which are generally shorter term, more flexible loan arrangements. For example, if a borrower requires working capital for a few months within a year.

Interest is paid only on the amounts drawn down at any one point. A 1% maintenance fee is paid on the total approved amount of the credit line.

Equity investments

Oikocredit has a diverse and growing portfolio of equity investments. We invest in equities for dual returns: development impact (social performance) and capital gains. Oikocredit equity investments seek to collaborate with companies that are aligned in bringing people out of poverty.

When we invest in a company, our aim is to assist that company in becoming stronger and more effective in reaching its goals to the benefit of stakeholders and intended beneficiaries. This means that Oikocredit has an active role in the governance of investee companies and makes sure that we add value to them. This includes providing advice and contacts, offering technical assistance where appropriate and making sure that the company complies with environmental, social and governance requirements.

If there is a sound balance between the company’s social, financial and environmental objectives, this usually adds to the value of the company. 

Long-term investment horizon

Our equity investments have a long-term investment horizon, are demand-driven and flexible, and can range from € 50,000 to € 5 million. We can provide equity or quasi-equity (including convertible debt) tailored to meet the needs of potential investee institutions.

Our equity partners are often looking for strong institutional shareholders which:

• share their mission and values
• bring expertise and insight to the organization
• focus on social as well as financial returns...."

http://www.oikocredit.coop/ 

Oasis Capital Ghana

"Overview

Oasis Capital Ghana Limited was established in February 2009 under the laws of the Republic of Ghana as a growth and venture capital fund manager. We seek to provide risk capital in the form of equity, quasi-equity and profit-sharing facilities to entrepreneurial businesses in Africa. We also offer a business development service to investee companies as part of our value proposition. By combining finance and BDS, Oasis is able to leverage its analytical approach to better mitigate risk, improve the business models of our clients and realize sustainable returns for our stakeholders.

We are currently managing the Ebankese Venture Fund with a co-investment arrangement with SOVEC I BV of the Netherlands. SOVEC co-invests with funds managed by Oasis Capital on a case by case basis. The Ebankese Venture Fund, which closed in March 2012, is currently more than 50% invested....."

http://www.oasiscapitalghana.com/?pid=5&cid=2

Moringa Partnership

"The Investment Advisor

The Moringa Partnership is the investment advisor to Moringa SICAR, SCA (the Moringa Fund). The Partnership has offices in Paris and Geneva and representative offices in Colombia, Peru, Chile, Brazil, Cameroon, Gabon and Democratic Republic of Congo.

The Moringa Fund

The Moringa SICAR is an investment vehicle with a final targeted size of €100m which invests in profitable larger scale agroforestry projects with high environmental and social impacts. Moringa invests in Latin America and sub-Saharan Africa via equity and quasi-equity investments of €4-10 million. The fund manager adds value through its technical skills, environmental and social expertise and global network. The fund leverages the fact that agroforestry is inherently a sustainable practice to distinguish itself from other land-based investment approaches and to ensure that its projects are genuinely sustainable.

The Agroforestry Technical Assistance Facility

Alongside the investment vehicle, a grant-based Technical Assistance (TA) programme, which will contribute to project preparation, capacity building, technical strengthening and dissemination of Moringa’s innovations and achievements, is being established...."

 

http://www.moringapartnership.com/web.php/16/en/about-us/organisation?