iGravity, a leading impact advisory and investment management firm, has made a commitment, under it’s Investments Solutions, to TLG Capital’s flagship fund, Africa Growth Impact Fund II (AGIF II). Anchored by the IFC, Swedfund, Norfund, and Bpifrance, this investment brings together TLG Capital’s on-the-ground investment expertise with iGravity’s experience in managing impact-focused portfolios that combine financial returns with measurable social and environmental outcomes across emerging markets.
Private credit has emerged as one of the fastest-growing asset classes globally, expanding from around 200 million dollars in the early 2000s to more than 1.2 trillion dollars today. Yet, less than ten percent of this capital reaches emerging markets. AGIF II is helping to change that narrative by demonstrating how sound governance, rigorous structuring, and impact-driven lending can attract both institutional and private investors into Africa’s private credit landscape.
TLG’s strategy for AGIF II is centred on partnering with African banks to strengthen the private credit ecosystem and unlock scalable, local financial solutions. “The strong support received from IFC and our European DFI partners reflects a shared recognition that African risk remains significantly undervalued by global markets”, Zain Latif, Principal at TLG said. “By addressing this mispricing through disciplined private credit investments, TLG is enabling international investors to engage confidently in Africa’s growth story. Our mission is to catalyse greater private capital flows into Africa and bridge the persistent funding gap that constrains economic progress.”
With impact themes that include nature and climate resilience, livelihoods, and inclusive economies, iGravity’s investment reflects its broader commitment to directing capital toward sustainable, long-term development. Through its work, iGravity continues to engage the Swiss and European impact investment community (one of the continent’s most dynamic private market hubs, with over CHF 360 billion in invested assets) to mobilize more capital toward measurable impact in emerging markets.
“What we found in TLG is institutional-grade quality combined with agility and creativity,” said Frédéric Berney, Co-Head of Investments at iGravity. “The opportunity to invest in AGIF II reinforces our belief that strong financial performance and positive impact go hand in hand. It’s a clear example of how disciplined private credit can be a force for sustainable growth.”
iGravity’s commitment to TLG’s AGIF II exemplifies how collaboration between international DFIs, European investors, and private capital managers can accelerate sustainable development. The fund’s first six investments span sectors including recycling, education, telecom, and local manufacturing; with 94 percent of called capital deployed in UN Least Developed and World Bank Conflict-Affected Countries. This focus highlights a shared objective between iGravity and TLG Capital: channelling private capital where it is most needed, while building resilient local economies.
“Least Developed Countries receive less than two percent of global foreign direct investment and under one percent of private finance flows,” said Isha Doshi, Partner at TLG Capital. “Creating more equitable capital allocation requires aligned partners who understand both the impact and investment sides of the equation — which is why we’re pleased to have iGravity join AGIF II.”
Together, iGravity and TLG are demonstrating how impact-driven private credit can connect European investors with Africa’s growing private sector, fostering both opportunity and long-term resilience.