Africa Public Debt

Enko’s Africa debt strategy was launched in 2016 and is managed by Alain Nkontchou. Since inception the strategy has won a multitude of awards for performance. The strategy seeks to source and structure returns from the opportunities that arise from a developing asset class (emerging market debt) and a frequently overlooked region (Africa).

Enko’s strategy invests in sovereign and corporate debt in hard and local currency across Africa (ex-South Africa). The strategy aims to generate strong risk-adjusted absolute returns by combining an Africa-specific analytical framework and macro and relative value strategies.

EuroHedge

Fixed Income Emerging Manager Award

2018

EuroHedge

Emerging Market Fixed Income Manager of the Year Award

2018

HedgeNews Africa

Africa Pan-Africa Fund of the Year Award

2019

EuroHedge

Emerging Market Manager of the Year Award

2019

EuroHedge

Emerging Market Fixed Income Manager of the Year Award

2020

EuroHedge

Emerging Market Manager of the Year award

2020

HedgeNews Africa

Africa Pan Africa Fund of the Year

2020

HedgeWeek

Best Credit Hedge Fund of the Year

2020

HFM

European Performance Award

2021

EuroHedge

Emerging Market Debt Hedge Fund of the Year Award

2021

HedgeNews Africa

Africa Pan Africa Fund of the Year

2022

HFM

European Performance Award

2023

HedgeNews Africa

Africa Pan Africa Fund of the Year

2023

Africa Private Equity

Enko’s private equity strategy was launched in 2014 and is managed by Cyrille Nkontchou. The strategy identifies African mid-market growth companies compliant with Enko’s environmental and social private equity policy. The strategy aims to take minority stakes with an average holding period of 4-5 years. The exit strategy for each investment is either an IPO or SPAC on a local or international stock exchange, or a sale to a strategic buyer.

The team provides hands-on support to facilitate the expansion of the portfolio companies’ business and provides access to a wide network of contacts in Africa to assist them in reaching their growth targets. Using their networks, the team can assist portfolio companies through the introduction of deal opportunities, specialist staff appointments, and/or act as external advisors.

The strategy has made investments in Zambia, Nigeria, Côte d’Ivoire, Kenya, and Morocco, as its mandate spans most of the continent. These investments have been made in a range of sectors: finance, insurance, logistics, technology and telecom. The strategy also contributes to sustainability via the businesses it invests in for the benefit of Africa’s communities.

Enko’s private equity team recently completed the exit of its investment in Netis Holding: Netis Holding Exit Press Release – November 2023

Francophone Africa Debt and Equity

In 2018, Enko Capital West Africa (ECWA) was launched alongside the opening of Enko’s Abidjan office. ECWA is focused on debt and equity investments in the Francophone region. Enko is committed to expanding further into West Africa as it sees opportunities in the region across asset classes. Enko’s operations in West Africa also give the Group further insight into the region and a strong local presence.

In 2020, ECWA was awarded the mandate to manage a debt focused strategy on behalf of the pension fund of a West African bank. This strategy predominately focuses on local currency debt in the Francophone region. In the same year ECWA also launched a multi asset strategy. This is focused on both debt and equity in the Francophone region, with a full guarantee of capital.

Africa private debt

Enko is preparing to launch its private debt strategy. The team will originate and invest SDG-aligned, ESG/impact-focused, and Gender 2x-orientated growth capital into capital starved mid-market SMEs. The strategy will be executed through a variety of debt instruments including mezzanine finance and senior debt. Equity upsides through warrants, kickers, would feature across most transactions. The strategy is sector agnostic and will primarily focus on Sub-Saharan Africa.

Enko’s extension of its investment offerings into African private debt is the synthesis of its combination of experience, presence and tenure in the African private markets, public markets, and banking. Enko’s partners are all seasoned bankers and fund managers. Their networks are vast and provide them access to a wide range of professionals (legal, banking, investment, accounting, government, etc.) with a deep understanding of local markets, laws, regulations, opportunities, and individual economies.

PLEASE REVIEW THE FOLLOWING DISCLAIMER (SCROLL DOWN) AND CLICK "ACCEPT" TO CONTINUE.

IMPORTANT INFORMATION ABOUT ACCESS TO THIS WEBSITE

The content of this website is issued by Enko Capital Management LLP (“Enko”), which is authorised and regulated by the Financial Conduct Authority in the UK.

The information on this website is only directed at persons who are:

  • professional clients; and
  • eligible counterparties

for the purposes of the rules and guidance of the Financial Conduct Authority of the United Kingdom (the “FCA Rules”). Any strategy referred to on the website is only available to persons listed under (i) and (ii).

The information on this website should only be accessed by persons located in a jurisdiction or country where access to such information is not contrary to local law and regulation. Information on this website must not be relied or acted upon by any other persons.

The information in this website does not constitute an offer or solicitation in any jurisdiction in which it is not authorised, or to any person to whom such offer or solicitation is unlawful. All persons accessing this website do so on an unsolicited basis and on their own initiative. It is the responsibility of persons accessing this website to inform themselves of, and act in accordance with, the legal and regulatory requirements in their jurisdiction of citizenship, residence, or domicile. Enko disclaims all responsibility if persons access the website, or the information on it, contrary to such legal and regulatory requirements.

The content on this website is not intended for the account of U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) other than persons who are “qualified purchasers” (as defined in the United States Investment Company Act of 1940, as amended) and/or “accredited investors” (as defined in Rule 501(a) under the Securities Act). Information contained on this website is not intended for investors in any jurisdiction in which distribution of the information or purchase is not authorised or permitted.

The information on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced on this website. Investors should consider carefully all specific risks prior to making an investment. Some general risks to consider include:

  • Past performance of an investment is not a guide to any future performance;
  • the value of investments and any income generated may go down as well as up and is not guaranteed; and,
  • changes in exchange rates may have an adverse effect on the value, price or income of investments.

The information on this website is subject to change without notice. Opinions expressed herein reflect the opinion of Enko and are subject to change without notice. Nothing on this website constitutes investment, legal, tax or other advice nor should it be relied upon in making an investment decision.

The content of this website is based upon sources of information believed to be reliable, however, no guarantee, warranty or representation (express or implied) is given to its accuracy or completeness. No responsibility or liability can be accepted for any errors or omissions or for any loss resulting from the use of any materials contained in this site. Enko reserves the right to amend, alter or withdraw any of the information in the site at any time without notice. No liability is accepted for such changes or for pages not being available at all times.

This website may contain links to other websites maintained by third parties over whom Enko has no control. Enko and its employees take no responsibility for approving, screening or reviewing the contents of the linked websites and should not be regarded as an endorsement of the service or the site. Enko makes no representations as to the accuracy, legality or any other aspect of information contained in the linked or other websites.

Our full privacy policy is available here: https://enkocapital.com/privacy-policy/

Terms & Conditions

Please read the Terms & Conditions of Use below carefully. These set out the terms and conditions for accessing this website. After you have read and understood the Terms & Conditions of Use, you may click “I Accept” to proceed. By doing so, you:

(i) confirm that you are permitted to access this website because you are a professional client or an eligible counterparty for the purposes of the FCA Rules;

(ii) confirm that you are accessing this Website on an unsolicited basis, on your own initiative and in compliance with the laws and regulations of the jurisdiction or country in which you are residing;

(iii) confirm your understanding that this Website contains information about unregulated alternative funds which may not be available to investors in your jurisdiction; and

(iv) acknowledge expressly that you have read and understood the Terms & Conditions of Use and agree to abide by them.”

Grievance Mechanism