TPG Growth, a middle market and growth equity platform of TPG, and Satya Capital, an independent investment firm focused on providing long-term growth capital to African businesses, have partnered to focus on new investments in Africa.

Satay’s founding chairman Mo Ibrahim said: “The African economy is just starting to realise its potential, and there are businesses and entrepreneurs across the continent that will thrive with the right operational support and access to global markets. I believe this partnership will give African entrepreneurs a very powerful platform.”

“I am very excited that we have found such a great partner in TPG. The dynamic combination of talent and experience of TPG and Satya has the potential to change the scope of investment across the continent,” he said.

TPG Growth’ experienced investment professionals and global operations team have built successful and distinctive businesses around the world in countries such as Vietnam, Myanmar, India and Brazil.

Dr. Ibrahim and Satya bring deep regional expertise, relationships and on-the-ground experience.

Operationally, Satya offers a solid understanding of the continent's unique challenges and opportunities for expansion.

The firms will focus on investments in a broad range of industries including healthcare, TMT, consumer and financial services.

Together they will look for companies and entrepreneurs that want investment partners who understand their challenges and opportunities on a local and global level, and who are focused on partnering closely to help them grow.

David Bonderman, co-founder of TPG, said: “TPG was an early and successful investor in both Asia and Latin America and, working with Mo and Satya, we believe now is the time to recreate that same success in Africa. We look forward to identifying and supporting growing African businesses to meet the increasing demand from consumers on the continent and beyond.”

Satya’s Jide Olanrewaju and Samir Abhyankar will be joining TPG Growth’s Frederick Antwi to form the core of this Africa investment team.