Exotix, a UK-based investment banking boutique for frontier markets backed by Michael Spencer, chief executive of Icap, has invested in TLG Capital , a private equity investor in sub-Saharan Africa, as part of a partnership.
Exotix will also provide strategic advice and capital raising support to TLG Capital.
Peter Bartlett, managing director of Exotix, said: “We see deep value in sub-Saharan African secondary private equity and believe that TLG Capital are best placed to deliver the most attractive proposition for growth investors.”