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Sector

Finance & Capital Markets

We finance the real economy through private debt, growth capital and international trade finance.

6
financing vehicles and platforms
11,000+
end borrowers reached through our holdings
4
financial centres covered

Our financial activity is a natural extension of our work as an investor: it lets us act in situations where taking equity is not the right instrument, and finance our own assets on better terms.

In Europe, we deploy capital as private debt to mid-sized companies and acquire private equity fund interests on the secondary market.

In Africa and the Middle East, we focus on SME finance, growth capital and trade finance — three segments where the financing gap remains considerable and where our knowledge of counterparties is a decisive advantage.

What we do

  • Private debt

    Senior and mezzanine financing for mid-sized companies, principally in Switzerland and the European Union.

  • Growth capital

    Qualified minority stakes in profitable companies seeking to finance regional expansion.

  • Secondaries

    Acquisition of private equity fund interests from investors seeking liquidity ahead of term.

  • Trade finance

    Financing lines backed by physical flows of metals and agricultural products between Africa, Europe and Asia.

Investment criteria

Ticket
5 – 40 million
Instruments
Senior debt, mezzanine, quasi-equity, equity
Maturity
3 to 8 years depending on instrument
Counterparties
Profitable companies with a verifiable track record
Security
Pledges, real security or assignment of receivables
Compliance
Systematic KYC and ultimate beneficial owner checks
Case study

SME Finance Institution — Accra

Majority stake in a Ghanaian lender dedicated to small and medium-sized enterprises, together with a refinancing line.

  • Portfolio of more than 11,000 active borrowers
  • Overhaul of the credit scoring and risk control framework
  • Non-performing loan ratio brought below the sector benchmark
  • Board strengthened with two independent directors
Related projects

Finance

In portfolio

Finance

Private Credit Platform — Zurich

Private debt vehicle financing mid-sized companies across German-speaking Switzerland.

Location
Zurich, Switzerland
Sector
Finance
Commitment
CHF 65M
Year
2021
In portfolio

Finance

Secondaries Mandate — London

Acquisition of private equity fund interests on the secondary market at an average entry discount.

Location
London, United Kingdom
Sector
Finance
Commitment
GBP 30M
Year
2023
In portfolio

Finance

Structuring Platform — Luxembourg

Securitisation vehicles and reserved funds forming the legal backbone of our cross-border co-investments.

Location
Luxembourg, Luxembourg
Sector
Finance
Commitment
Year
2017
In portfolio

Finance

SME Finance Institution

Majority stake in an SME-focused lender serving more than 11,000 active borrowers.

Location
Accra, Ghana
Sector
Finance
Commitment
USD 18M
Year
2019
In portfolio

Finance

East Africa Growth Fund

Growth capital fund investing in regional healthcare, logistics and financial services.

Location
Nairobi, Kenya
Sector
Finance
Commitment
USD 50M
Year
2021
In portfolio

Finance

Regional Platform — Casablanca Finance City

Regional office and investment vehicle covering North Africa and francophone West Africa.

Location
Casablanca, Morocco
Sector
Finance
Commitment
USD 20M
Year
2019
In portfolio

Finance

Trade Finance Book — Dubai

Trade finance book covering metals and agricultural flows between Africa and Asia.

Location
Dubai, United Arab Emirates
Sector
Finance
Commitment
USD 48M
Year
2020
In portfolio

Finance

Representative Office — Singapore

Anchor point for our relationships with Asian commodity buyers and regional family offices.

Location
Singapore, Singapore
Sector
Finance
Commitment
Year
2022
Get in touch

Let's discuss your next transaction

Our Geneva teams work alongside institutional investors, family offices and industrial partners across all of our markets.