Private credit manager
Cygnum Capital Asset Management Ltd
Cygnum Capital Asset Management is a London-based investment management firm specialising in tailored financial solutions for frontier and emerging markets. Founded in 2008 as Lion's Head Group, the firm rebranded to Cygnum Capital in June 2023 to reflect its expanded international footprint across four continents. It operates as a "first-of-its-kind" transaction specialist, managing multiple pioneering debt and equity funds that focus on climate finance, renewable energy, and financial inclusion. The firm is unique in its integration of investment banking advisory with institutional fund management, leveraging a global team of over 90 professionals to bridge the financing gap between development finance institutions (DFIs) and private enterprises in underserved markets.
Investment focus
- Sectors
- Financial servicesEnergy and powerAgriculture and foodTechnology
- Stages and strategies
- Series ASeries B+Growth
- Instruments
- EquityDebtMezzanine
- Regions
- Pan-African
- African markets named in public materials
- Kenya, Nigeria
Funds managed
Selected portfolio and direct investments
- Cold Solutions Rwanda Limited
- Communication and Renewable Energy Infrastructure Phils. Inc.
- Development Bank of Rwanda
- Odyssey Renewable Energy Solutions Ltd
- Spiro
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 30 Sep 2026 | Africa Go Green Fund (AGG) invests USD 18 million in Cold Solutions Rwanda Limited | Private Credit | $18m | Rwanda |
| 21 Sep 2026 | Africa Go Green Fund invests USD 18 million in Spiro's operations in East Africa | Private Credit | $18m | Rwanda |
| 1 Sep 2026 | BII, BIO, FMO and partners invest USD 74 million in Odyssey Energy Solutions | Private Equity, Private Credit | $74m | Nigeria |
| 17 Jun 2026 | Norfund and the Facility for Energy Inclusion (FEI) invest USD 90 million in Communication and Renewable Energy Infrastructure's (CREI) operations in Africa | Private Credit | $90m | Uganda |
| 22 May 2026 | The African Local Currency Bond Fund (ALCB Fund) invests RWF 16 billion in the Development Bank of Rwanda | Private Credit | $10.9m | Rwanda |
| 24 Feb 2026 | Afreximbank, Nithio, and Africa Go Green Fund's Investment in Spiro's Operations in Africa for USD 50 million | Private Credit | $50m | Benin |
Sources
- Partner Researchers, accessed 14 November 2026