Altica Credit
A tailored and dynamic approach to investing in Africa.
Investment Approach
Altica’s sovereign and global macro framework is integrated across the firm’s investment strategies. In fixed income, the emphasis is on assessing economic resilience, creditworthiness and identifying vulnerabilities. In private credit, our sovereign analysis jointly reinforces an investment case with respect to country selection. At a corporate level, our stress and scenario testing enables us to analyse sensitivities to macro factors, and to implement a hedging programme accordingly.
Private Credit
In most African countries, the middle-market is the largest contributor to GDP and employment, where private-sector funded lending can complement traditional banks.
Altica Credit aims to arrange flexible financing packages for middle-market companies, provide the capital and develop a close partnership with management. Our structures provide investors with access to attractive returns and more control.
Agribusiness
Media & Technology
Import Substitution
Healthcare
Energy & Climate
Financial Services
Focus sectors: agribusiness, energy and climate, financial services, healthcare, import substitution, media and technology.
Structured Origination
Multi-layer Due Diligence
Risk Assesment & Mitigation
Partnership Approach
Commodity Prices
Currency
Political
Global Macro
Risk
Assessment
Fixed Income
Global investors are under-allocated to African markets, yet higher yields and Sharpe ratios offer substantial compensation for taking risk, particularly relative to mainstream emerging and developed markets.
We see compelling structural opportunities in the world’s 'next generation' of emerging markets - a heterogenous set of economies with distinctive growth prospects, macro policies, political systems and financial cycles.
To capture the ‘alpha story’, we differentiate between improving countries with the potential for positive catalysts vs those which are deteriorating and vulnerable. Our strategy focuses on identifying economic resilience, momentum and secular trends; as well as disequilibrium and dispersion across capital markets.
Focus: African sovereign and corporate credit.
Multidisciplinary research approach
Focus on asymmetry and capital preservation
Unconstrained, total return strategy
Advanced risk management
We regard risk management and trading as integrated disciplines. Our sophisticated technology platform provides us with an unsurpassable level of granularity and transparency. It enables us to view exposures and sensitivities, as well as conduct scenario analyses and stress tests, on a realtime basis, thereby facilitating the optimisation of portfolio positioning.
Nurturing middle-market businesses,
Preserving value
Altica brings together strategy, financial and technical expertise to help its partner companies by leveraging relationships with banks, suppliers, regulators, employees and the community. Our localised portfolio monitoring strategy draws on professionals with experience of financial control, risk management, governance, logistics, marketing and commerce.
Altica Portfolio
Monitoring Team
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Budgeting and cash flow
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Financial reporting
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Trade finance
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Hedging
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ESG monitoring
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Logistics
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Marketing
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Regulators
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Community relations
Regulators &
Trade Organisations
Portfolio Company
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FINANCE
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SALES & SERVICE
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ADMINISTRATION
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DISTRIBUTION
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HUMAN RESOURCES
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MARKETING
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PRODUCTION
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TECHNOLOGY