Affirma Capital is a private equity firm that deploys capital across Asia, Africa and the Middle East.

Affirma Capital

Affirma Capital is an independent emerging market private equity firm owned and managed by the former senior leadership of Standard Chartered Private Equity (SCPE). The Founding Partners have worked together for over 15 years and currently manage ~US$3.8 billion in assets for leading global limited partners and sovereign wealth funds. 

Affirma Capital helps build and nurture national and regional champions by investing in companies backed by strong management teams and founders. Throughout our 22 year history of investing in emerging markets we have deployed over US$6 billion in ~100 companies across Asia, Africa and the Middle East and have returned over US$7 billion in cash proceeds to our investors at highly attractive rates of return. 

Our investment philosophy, focused on selective origination, disciplined deal structuring and intensive portfolio management, has helped us build a superior track record with realized returns at a significant premium to the MSCI Emerging markets index.

Kolon Water & Energy

Belstar Investment and Finance Private Limited

Affirma Capital generates ~13x money multiple from partial exit of TBO.COM

It has recently come to our attention that groups have been created on WhatsApp that falsely represent themselves as coming from Affirma Capital staff and that purport to offer investment related advice / services to members of the public. We want to unequivocally state that Affirma Capital has no affiliation with these groups and we advise the recipients of any such messages not to respond. Affirma Capital does not use any messaging / social media platforms for marketing except its web-site (https://lnkd.in/emd3ubE6) and this LinkedIn page. 

Affirma Capital strongly condemns these fraudulent activities and takes them extremely seriously. We do not accept responsibility for any transactions, communications or interactions conducted through unauthorised communication channels. We have notified WhatsApp of these false messages and, as to our knowledge they have only been targeted at Indian citizens, we have also notified SEBI and the Indian National Cyber Crime Reporting Portal.

Affirma Capital achieves First Close of Ascenta VI fund.

On Wednesday 10 April 2024, Affirma Capital's investee company Copperbelt Energy Corporation Plc (“CEC”) was honoured to host the President of the Federal Republic of Zambia, President Hakainde Hichilema, for the commissioning of its 60MW Itimpi Solar PV plant with 220KVA transmission substation. This follows the President’s commissioning of the 33MW Riverside Solar PV plant in February 2023 and takes the Company’s green generation capacity to 94MW, with plans to add an additional 66MW to the Itimpi site in the next few months. The commissioning of the Itimpi Solar plant comes at a critical juncture as Zambia and the surrounding region face a severe power shortage, posing threats to energy and food. CEC is committed to climate action and the diversification of Zambia’s generation capacity from its predominantly hydro-based generation.
 
This commissioning follows the Company’s recent listing of a US$200 million Green Bond program with a first tranche drawdown of ~US$54 million. CEC is now a fully integrated electricity company operating in Zambia and the DRC with a market cap of over US$500 million and managed by Zambians operating at world class standards to deliver consistently for its stakeholders.
 
Affirma Capital first invested in Copperbelt Energy Corporation Plc a decade ago and currently manages the single largest shareholding position. Through our active participation in CEC, we have been able to play a critical role in its evolution from a single country operation with only transmission and distribution capabilities to a diversified and integrated independent electricity company with a diverse geographical footprint. Over the last decade CEC has grown rapidly across all quantitative and qualitative parameters demonstrating resilience through macro headwinds as it evolved its operating model. We look forward to building on CEC’s success to date by strengthening its leadership in the Africa decarbonization program, building additional renewable capacity, extending access to power in both Zambia and the DRC and assisting it in playing a leading role in the liberalization and evolution of the electricity market in Southern Africa. Ronald Tamale, Head of sub-Saharan Africa at Affirma Capital, was pleased to be joined at the commissioning ceremony by our partners from Norfund, Mark Davis, Lisa Huun Thomsen and Pindie Nyandoro and also by the recently appointed CEC board member, Auke Lont.

Affirma Capital is very pleased to announce the following internal promotions:
 
Vijay Nallan Chakravarthi is promoted to Partner. 
Jaewon Lee is promoted to Executive Director. 
Pirasath Parthipan is promoted to Director.
Jesse Gao is promoted to Director.  
Jude Wee Guang is promoted to Associate Director. 
Wonwoo Kim is promoted to Senior Associate.
Eric (SeungHwan) Paik is promoted to Senior Associate.  
Wilson K. is promoted to Associate.
Achin G. Goyal is promoted to Associate. 
 
Thank you to all the above and the rest of the Affirma Capital team for all of their hard work and commitment.

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Affirma Capital