TLG Capital closes $10 million Guinea real estate deal 

TLG Capital, a London-based investment firm, has completed a $10 million, seven-year facility for Kandara Immo, marking one of the largest SME private credit transactions in Guinea in the last decade. 

The transaction, facilitated through TLG Africa Growth Impact Fund II, will support commercial real estate development in Conakry. Kandara Immo is part of Guinea’s GPC Groupe, which has operations in logistics, construction, and infrastructure, with a focus on real estate and related property services.

Zain Latif, partner and founder of TLG Capital, said the deal reflects the firm’s focus on markets often overlooked by investors. “Democratising access to private credit beyond familiar markets in Sub-Saharan Africa is essential for regional growth,” he said. “Progress comes not from waiting for certainty, but from acting with discipline and conviction.” 

NSIA, TLG partner on Guinea deal

The facility was structured in partnership with NSIA, a banking and insurance group headquartered in Abidjan and active across 12 West and Central African markets. 

Jean Philippe Kouame, managing director of NSIA Guinea, said the transaction reflects what is possible when regional institutions work with experienced credit managers.

He said the deal shows that local markets can support well-structured, institutional financing and added that NSIA aims to work with TLG as it expands across Francophone West Africa. 

TLG and GPC expand investments

Aly Kaba, managing director of GPC Groupe, said the closing confirms the group’s confidence in Guinea’s economy and in long-term private capital.

He described TLG as a partner able to work through complex conditions and said the financing is expected to support future projects beyond the initial development. 

Isha Doshi, a partner at TLG Capital, said the Guinea transaction fits the firm’s focus on directing capital to markets that are often overlooked.

She said careful structuring and local partnerships can help viable businesses access financing and grow sustainably.

TLG Capital drives Africa SME growth

Founded in 2009 by Zain Latif and Isha Doshi, TLG Capital is a London-based private credit manager focused on Sub-Saharan Africa.

Its investors include International Finance Corporation, Swedfund, Norfund and Bpifrance. The firm has completed more than 50 deals with over 30 exits across 20 African countries. 

TLG Africa Growth Impact Fund II is a $200 million private credit vehicle targeting small and medium-sized businesses.

The fund announced a $75 million first close in April 2025, it has completed over 40 deals, partnering with local banks to support growth-oriented businesses.

Last December, TLG Capital provided $15 million in financing to Kijenge to revive agribusiness operations in Tanzania.