Capital and capacity for growing enterprises, with a focus on Africa.
Across Africa, Asia, and Latin America, the pattern is the same. Missing-middle enterprises are too large for microfinance, too early for commercial banks, and fail, not because they lack funding, but because they receive funding without the operational infrastructure to deploy it.
Over 20 years and 600+ investments, we’ve built the model that changes that equation: structured capital paired with hands-on technical assistance, designed around how African SMEs actually grow. We are not a startup fund discovering impact. We are a platform that has financed, supported, and scaled enterprises across East Africa for two decades, and we’ve built the systems, the team, and the evidence base to prove what works.
After 600+ investments, we’ve learned that capital without capability is the most common way investments fail in underserved markets.
Our model exists because we watched it happen and built systems to prevent it.
What 20 years have taught us
We operate three connected windows. Our programs window supports early-stage enterprises with financing and structured business support. Our investment window provides patient mezzanine capital to enterprises ready for growth financing. Technical assistance cuts across both, strengthening financial systems, operations, and governance at every stage. They share one platform, one team, and one pipeline. Enterprises that enter through programs graduate into the investment portfolio when they are ready.
Our goal is not to hold companies in our portfolio but to make them fundable by commercial capital. Enterprises move from programs to structured investment, to the point where banks and other investors can finance them.
Our Work
Investment Management
Patient, structured capital for growth-stage enterprises.
Program Management
Early-stage financing and structured business support.
Technical Assistance
Embedded operational support across two windows.
A message from our founder
"The entrepreneurs building Africa's economy deserve more than handouts or predatory loans. They deserve real partnership. That belief has grown into hundreds of businesses, thousands of jobs, and millions of lives improved. Our mission has not changed: the best investments are not just financially sound, they are deeply human."
— Harold Rosen, Founder
When the businesses we back grow, workers, suppliers, and families grow with them. That is how our investments translate into impact.
Our Impact
19M
Livelihoods impacted
11,000+
Jobs sustained
6.3M
Women impacted
$396M
Economic value generated