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Norsad Capital and TLG Capital partner to establish a $400m credit platform in Africa

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: December 14, 2022
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Today, Norsad Capital and TLG Capital announced the start of a new partnership to create the leading private credit platform for mid-sized companies across sub-Saharan Africa (SSA).

As part of the agreement, the two firms will be working together to share, present, and co-invest in credit investment opportunities with strong layers of downside protection and equity upsides.

This partnership is expected to allow for larger ticket sizes and a balanced capital offering with a mix of senior and subordinated debt as well as promoting syndication opportunities and platforms. Combined, the two companies have assets under management of around US$400 million towards investments in mid-sized companies in SSA.

Kenny Nwosu, Chief Executive Officer of Norsad, stated that “Our purpose as an organisation is to build a better Africa by providing financing to mid-market growth companies that contribute towards the continent’s economic growth and improvement. This partnership with TLG Capital is a demonstration of two entities that have over the years noted that lack of access to finance for businesses in Africa limits their ability to expand. We will be bringing our joint expertise to address some of the issues demonstrating our commitment to create sustainable impact in the region. Our relationship with TLG Capital has been fostered over time and we are excited to be working with an organisation that shares our vision and is flexible enough to experiment and drive growth in Africa.”

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Zain Latif, Partner, and Co-Founder of TLG, echoed these statements, saying “Norsad is a well-known, well-respected institution within the African investment landscape, and we have known each other for years. It is therefore a pleasure to announce we will be working closely going forward, particularly given Norsad have been investing in credit deals in Africa for over three decades, longer than anyone else we have come across. Norsad’s focus on creating a positive social return across the regions it invests in also speaks to TLG’s mandate, and we look forward to a bright future together. As we continue to build on our venture financing deals, Norsad is the right partner to help drive that narrative over the next few years.”

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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