- Expansion
- Africa & Indian Ocean
Programme Latitude · Regional plan
Africa & Indian Ocean: expansion plan
Africa and the Indian Ocean is the smallest region: three locations, two registrations, 15 people and US$29 million of client portfolio. Port Louis administers nine vehicles for African and India-facing investors. Johannesburg covers animal-health and agri-science names with two people who source for Brisbane and Palm Beach.
The plan
The 2030 phase scales the Mauritian platform to sixteen vehicles, opens the Johannesburg origination desk, converts Nairobi into an office and adds three registrations and three locations. It also carries the strictest welfare conditions in the programme, because most of what the region originates is biological.
Targets
- Client portfolio in the region raised from US$29 million to US$80 million by the end of 2032.
- Regional headcount raised from 15 to 34, including four origination analysts in Johannesburg.
- Six offices and desks by 2032, adding desks in Accra, Dar es Salaam and Antananarivo in 2030.
- Five registrations by 2032, all three additions completed during the 2030 phase.
- Vehicles administered on the Port Louis platform raised from nine to sixteen.
Risks
- Welfare failure at a contract site. Most failures occur where a portfolio company buys rather than owns. Every audit reaches the contract site, or the position is not underwritten at all.
- Convertibility. Local-currency books are funded in dollars and hedged at inception, and no position is underwritten on the assumption that proceeds can be repatriated inside a fixed window.
- Administration capacity. Sixteen vehicles need more oversight than nine. The four additional staff are recruited before the vehicle count rises, not after it.
- Distance. Port Louis, Johannesburg, Nairobi and three new desks cover a very large area with 34 people, so travel and handover discipline carry more weight here than anywhere else in the group.
Initiatives
- Africa agri-science origination desk (Planned, from 2030)