Capital and capacity for growing enterprises, with a focus on Africa.
Africa’s SME financing gap is $330 billion. The reason it persists isn’t a shortage of capital; it’s a shortage of capital that works. Most missing-middle enterprises in East Africa 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 200+ 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 200+ 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 has taught us
When a business grows, the people connected to it benefit: workers earn wages, farmers and suppliers get paid, consumers access affordable products, and families gain stability. That is how our investments translate into impact.
Our Impact
Our Work
Investment Management
Program Management
Technical Assistance
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