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Funds of funds and family offices: where long-term returns lie in Central Africa

Energy, logistics, local processing and land development: how to access productive assets backed by long-term contracts, with institutional-standard governance.

September 2026·6 min read
Editorial Committee, G.Mercury & Cie
Funds of funds and family offices: where long-term returns lie in Central Africa

Long-term capital allocators (funds of funds, development finance institutions and family offices) are looking for tangible assets able to deliver regular cash flows with little correlation to listed markets.

In sub-Saharan Africa, basic needs in energy infrastructure, logistics chains and local processing plants offer this economic profile, provided each transaction is structured to rigorous standards.

The commercial contract comes before the macroeconomic promise

A long-term investment does not rest on a general growth forecast, but on the strength of the offtake contracts attached to the asset. Whether it is energy storage capacity, industrial power supply or commercial real estate, securing customers and revenue streams in advance is the first screening test.

Clear, tranche-based structuring

Not all investors share the same risk appetite or liquidity horizon. Financing organised in several risk levels lets each investor choose precisely its own risk-return balance.

Governance, cost control and transparency

Finally, the institutional standard applies to execution: an independent audit of each project's accounts, control of equipment purchase costs through a dedicated purchasing centre, and quarterly reporting that documents both financial performance and the local value created.