Capital Structuring
No single pool of capital is deep or patient enough, on its own, to finance a large African infrastructure project end to end. The challenge is rarely a lack of capital: it is the absence of a structure that lets different capital types sit comfortably in the same instrument.
We design blended capital structures (layering concessional finance, development bank instruments, commercial debt and equity) so that each participant's risk appetite and return requirement is respected within one coherent structure.
This includes negotiating guarantees, currency hedges and credit enhancement mechanisms that make projects palatable to capital that would otherwise stay on the sidelines.
A financing structure that closes: with each capital provider clear on their position, their protections, and their return, and the underlying project shielded from any single point of funding failure.
Structures we design have unlocked commercial capital participation in projects previously considered fundable only by concessional finance, expanding what is possible per available public rand.