Africa Growth Impact Fund I

Launched in 2016, TLG’s Africa Growth Impact Fund (AGIF I) is an open-ended credit fund with a mandate to invest in African SMEs. Thematically, AGIF I invests in strong businesses who have limited access to capital in their local geography. AGIF I especially focuses on the healthcare, financial, and consumer sectors and applies a Gender 2x framework to all investments. The fund has achieved best-in-class returns by offering innovatively structured debt solutions that cater to the needs of SMEs while providing robust downside protection for investors. This underscores our conviction that social and commercial returns can harmoniously coexist.

Africa Growth Impact Fund II

Africa Growth Impact Fund II (AGIF II) is a 10-year, closed-ended fund that builds on the existing strategy of AGIF I. TLG, along with its investment partners, has pioneered an innovative investment program to invest in African SMEs while providing capital relief to African banks. TLG partners with African banks to identify SME clients who the bank struggles to serve, and AGIF II structures tailored financing solutions for these SMEs that refinance the bank’s loan. The SMEs benefit from the breathing room provided by the improved loan structure, hands-on guidance from TLG’s local team, and the potential for further growth capital investment following the refinancing. AGIF II offers a new path forward for thousands of African SMEs and ensures sustainable livelihoods for their employees.

East Africa Credit Fund

TLG has agreed to anchor and serve as technical advisor to a credit fund focused on the East African Region, with Amanda Kabagambe as CIO. The fund is purpose-built to invest in promising businesses within East Africa, part of a strategic initiative not only to strengthen local economies but also to uphold a robust commitment to gender equality and meaningful social impact. The fund further capitalizes on TLG’s proven track record of identifying viable businesses and expertly structuring deals to meet the unique needs of each enterprise. It also is in line with TLG’s wider strategy of serving as partner and technical advisor to strong local fund managers. This approach safeguards sustainable growth and contributes positively to the region’s overall socio-economic development. Through the fund, TLG reinforces its commitment to fostering economic growth, encouraging gender equality, and promoting social responsibility in East Africa.

NSSF & Mastercard Foundation Partnership

TLG Capital is partnering with the National Social Security Fund Uganda (NSSF) on a shared mission to fund small and growing businesses in Uganda. Businesses characterized by high social impact, strong growth potential, and robust management will benefit from the capital provided by TLG and NSSF which will help unlock their potential and serve as a catalyst for growth. TLG partners maintain a local office and team in Kampala, Uganda.

UGFS Empower Tunisia Credit Fund

The TLG UGFS Empower Tunisia Credit Fund was created as part of an initiative by the Tunisian government (Caisse des Dépôts et Consignations) to revitalise the Tunisian economy in the aftermath of COVID-19. This led to the appointment of TLG and the United Gulf Financial Services North Africa (UGFS-NA) as joint fund managers for the Empower Fund. The Fund is uniquely positioned to collaborate closely with local entrepreneurs, injecting catalytic growth capital in both local currency (TND) and hard currency (USD), thereby spurring value creation in Tunisia’s SME sector. Leveraging the combined expertise of TLG and UGFS-NA, the Empower Fund aims for robust financial returns while simultaneously driving substantial socio-economic impact, creating a sustainable and prosperous landscape that benefits both investors and the broader Tunisian economy. TLG maintains a local office and team in Tunis, Tunisia

FCMB Nigeria Debt Fund

TLG Capital and FCMB Asset Management are collaborating to establish Nigeria’s first local currency Private Credit Fund. Structured as series of ten funds, the FCMB-TLG Nigeria Debt Fund will leverage best-in-class practices with a focus on senior facilities, offering impactful credentials and competitive returns. The fund will aim to build a diversified portfolio of loans, incorporating downside protection, with the intent to stimulate economic growth in Nigeria by investing high growth businesses, while providing investors with returns significantly above benchmark. TLG maintains a local office and team in Lagos, Nigeria.

TLG Pharma

Nearly half of Africa’s 1.2 billion population lacks regular access to essential medicines, and TLG Pharma is stepping in to make a vital difference in Francophone West Africa. TLG Pharma’s mission is to enhance healthcare accessibility by providing a range of both branded and generic essential medicines. In doing so, the company fills a crucial supply gap in underdeveloped markets. Currently operating in Benin, Togo, Niger, Guinea, and Côte d’Ivoire with ambitious plans to extend its reach to all 13 countries in Francophone West Africa, TLG Pharma is set to further amplify its impact. As part of its strategy, the company is in the process of registering 50 existing and new medicines, demonstrating its commitment to transforming the healthcare landscape and elevating quality of life across the region. TLG maintains a local team in Benin and Togo.   Visit Website