TLG Announce $75m First Close of Africa-Focused Private Credit Fund

Norfund has announced a $10 million commitment to TLG Capital’s second private credit vehicle, the Africa Growth Impact Fund II (AGIF II), bringing total commitments to $75 million at first close. Other investors include IFC, Swedfund, Bpifrance, and several family offices.

“Investors typically balk at the idea of investing in a fund committed to LDCs,” said Isha Doshi, Co-Founder of TLG Capital. “We’re grateful to Norfund for their commitment to boosting economic growth in LDCs, and their validation of our strategy.” With an exclusive focus on sub-Saharan Africa—and 80% of historical investments in LDCs—TLG will deploy flexible private credit in partnership with banks to unlock SME growth, inject FX, and derisk lending through hands-on support. 30% of the fund will be invested in renewable energy and environmental services, supporting the Net Zero transition.

AGIF II reinforces TLG Capital’s commitment to backing African businesses where others hesitate—and to setting a new standard for private credit on the continent.