The Hourglass of Perspectives
Patient capital and financial structuring without sovereign debt to safeguard the balance-sheet sovereignty of States, governments, and development institutions.
Completed mandates across energy, real estate, telecommunications, and industrial restructuring.
Central Africa, the Gulf of Guinea, and international financial corridors (Europe, North America, Asia).
A proprietary financial architecture, 'The Hourglass of Perspectives' (Le Sablier des Perspectives), registered with OAPI.
Four Gateways
Each stakeholder benefits from a dedicated intervention framework and a custom financial simulation tool.
You represent a State
Finance energy, logistics, and local resource processing without adding to your public debt, while retaining ownership of every asset and control over the schedule.
You manage a fund of funds or a family office
Access, tranche by tranche, productive African assets backed by long-term contracted revenues, with governance and reporting aligned with institutional standards.
You lead a growing enterprise
Finance your expansion by combining credit and equity, with a minority investor whose exit — both price and timeline — is agreed upon from day one.
You represent a stock exchange
Host securities backed by real operating assets, opening national and regional savings to the financing of industry.
“Time does not destroy value: it reveals it, refines it, and compels a shift in perspective.”
Financing industry through assets
Financing the industrialization of African States without sovereign debt, by aligning public capital, long-term investors, and locally created value: such is the purpose of our firm, acting as financial architect and arranger rather than a mere advisor.
The financial structure, risk allocation framework, and governance, rigorously tailored to the legal framework and priorities of each country.
The full syndicate bringing together a top-tier industrial operator, development finance institutions, lenders, and long-term investors.
The State and investors through financial close, and throughout project execution until the full reversion of the asset.
Our method is proprietary. It is presented to public authorities and institutional investors in a confidential setting, following the execution of a non-disclosure agreement.
Discover the firmWhat our approach does not require
The clarity of a financial structure is measured first and foremost by the liabilities it spares public authorities and their partners.
Zero sovereign debt
01No sovereign guarantee, no State borrowing, and no pledged public revenues; the State's contribution is limited to a time-bound operating right over the asset — of which it remains the owner — and, where applicable, a capped first-loss equity tranche.
Decision-making primacy of public authorities
02The selection of assets, sequence of tranches, and project locations belong exclusively to public authorities; the firm acts as financial architect and never bids for the award of an asset.
Transparency & competitive tendering
03The firm operates with strict transparency: identified partners, project vehicle accounts audited by independent statutory auditors, and industrial operators selected through competitive tendering.
Off-public-debt classification
04The classification of each dedicated project vehicle (SPV) outside the scope of public debt is prepared and documented from the outset of the mandate with the relevant departments of the Ministry of Finance.
Time does not destroy value: it reveals it
A dam takes five years to build and produces for fifty. Replacing the logic of sovereign debt with that of the productive asset: why long-term operating rights transform the negotiation for African States.
Model before deciding, structure before committing
Test your assumptions on our three financial simulators dedicated to States, investors, and enterprises, or reach out directly to a partner of the firm.