Finance

Financier Tidjane Thiam launches a $250mln investment facility

Financier Tidjane Thiam launches a $250mln investment facility
Tuesday, 12 January 2021 15:41

Ivorian banker Tidjane Thiam (pictured) is reportedly launching a special investment vehicle worth $250 million. According to comments relayed by Bloomberg Television, the facility will specialize in the acquisition of financial companies in developed and developing markets.

The information is however yet to be confirmed by the former CEO of Credit Suisse. JP Morgan, presented as the main arranger of this project, has also not made any comment yet.

Let’s however note that Tidjane Thiam is familiar with the international investment world. Before he joined Credit Suisse, he managed Prudential, a big British insurer whose investment portfolio covers many developing and developed countries.

The type of firms set up by the financier does not a priori target specific investments. Investors only inject funds in the project based on the confidence they have in the project leader and his or her ability to generate the expected returns. Many sovereign funds have been approached for this purpose.

Tidjane Thiam will thus have another opportunity to evaluate the confidence the international investment world has in him. If the project is successfully completed, he will operate in the US financial market, which is reputed to be difficult and very competitive. As a result, the development of special acquisition vehicles has become commonplace for former senior financial executives.

Between 2015 and 2020, about 200 such vehicles were launched in the US according to a specialized platform. Nine of them closed without making any investments, 82 have made investments and 109 are in the negotiation phase. The strategy to be implemented by Mr. Thiam to make a difference is to be monitored.

Idriss Linge

On the same topic
(AfDB) The African Development Bank Group will host a High-Level Consultation with the Arab Coordination Group, bringing together heads of Arab...
Guizhou Tyre plans a nearly $300 million tire plant in northern Morocco The factory will produce 6 million passenger vehicle tires per year The...
Fidelity Bank raised 259 billion naira, lifting eligible capital above CBN requirements First Bank of Nigeria also confirmed compliance after multiple...
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Most Read
01

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
02

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
03

African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...

Africa’s Billionaires Post Strong Gains as Global Wealth Hits Record
04

Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...

Flutterwave Adds Open Banking With Mono Acquisition
05

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.