Alteia Fund

What Alteia Fund does

Alteia Fund is a private alternative investment fund manager that provides secured trade finance, working capital loans, and structured credit solutions to companies in Africa and the Middle East. The firm offers short-, medium-, and long-term asset-backed financing, primarily targeting commodity trading and producing businesses with high physical liquidity collateral. It also runs adjacent product lines in carbon credit investment and ESG/impact investing. Operations are anchored in a six-jurisdictional license stack covering Mauritius (FSC), Cayman Islands (CIMA), Saudi Arabia (CMA), Abu Dhabi (ADGM), Bahrain, and South Africa, supporting both regulated lending activity and cross-border fund distribution.

The business emerged in early 2023 from a management buyout of the founding partners of Barak Group, which had been deploying trade finance across Africa since 2008. At relaunch in June 2023 the firm stated assets under management of over USD 1bn and access to 30 African countries, alongside Middle East expansion into the UAE and Saudi Arabia. Revenue is generated through a combination of fund management fees, performance fees, and interest income on underlying trade finance facilities; institutional investors, family offices, and qualified investors are targeted through a direct sales motion without intermediated distribution.

The senior team is drawn from major international banks and commodity houses, including the CIO's 30-year structured finance career across Standard Bank, WestLB, Bank of Tokyo Mitsubishi, Gunvor, and Gulf International Bank, and the Head of Agri Commodities' prior role as CEO Southern Africa of Louis Dreyfus. Other functions (Compliance, Operations, Accounting, Legal, ESG, Asset Recovery) are staffed by alumni of Deutsche Bank, Investec, RBC, Scotiabank, Akzo Nobel, and Investec Private Bank. Headcount is stated at 11–50 employees, with disclosed deal sizes including an 8-year mezzanine facility to a Ghanaian independent power producer and over USD 140M of nominal funding to a single Dubai-based commodity trading client since 2019.

Name

Alteia Fund

Legal name

Alteia Fund

Website

https://alteiafund.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Alteia Fund is a Mauritius-based alternative investment fund manager providing secured trade finance, structured credit, and working capital loans to commodity businesses in Africa and the Middle East, distributing to institutional investors through a multi-jurisdictional license stack.

Ownership category

akta.pro rank

Product category

Alternative Investment Fund Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Distressed / Opportunistic Credit (FSANADAF)

akta.pro secondary industry

Transition / Engagement & Stewardship Funds (FSANAJAO)

Keywords

• Trade finance services
• Structured credit solutions
• Alternative investment fund
• Commodity-backed lending
• Emerging market finance

Headquarters

HQ city

Floréal

HQ country

Mauritius

HQ region

Africa

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management Fees: Management fees charged on assets under management as a traditional alternative investment fund.
2. Performance Fees: Performance-based fees aligned with investment returns, typical of alternative investment fund structures.
3. Trade Finance Interest Income: Interest income from providing short-term, medium-term and long-term financing solutions to companies in Africa and the Middle East through asset-backed loans.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Alteia Fund is an alternative investment fund that provides short-term, medium-term, and long-term asset-backed trade finance and structured credit solutions to commodity trading companies and emerging market entrepreneurs in Africa and the Middle East. It complements this core trade finance offering with a Carbon Credit Fund and Impact Investing / ESG-focused investment products, charging management and performance fees to institutional and qualified investors.

Product overview

Alteia Fund is an alternative investment fund for Africa and the Middle East, offering a portfolio of financing solutions. The core offerings include Trade Finance (short, medium, and long-term financing using asset-backed loans), a Carbon Credit Fund (for sustainable investment returns), and Impact Investing with ESG focus. The fund emerged from a Management Buy Out of Barak Group in early 2023 with over USD 1bn in assets under management.

Differentiator

Problem solved

Functional benefit

Products and services

• Alteia Fund Market-focused alternative investment fund for Africa and the Middle East that provides trade finance to companies for economic growth and job creation in key commodity sectors. Targets institutional and qualified investors seeking exposure to emerging market debt finance.
• Trade Finance

Quantifiable outcome

• Assets under Management of over USD 1bn
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Barak Group (now Alteia)coreOthers · 16 June 2023Alteia Fund emerged from a Management Buy Out of Barak Group's founding partners in early 2023. The transaction consolidated an iconic investment fund focused on Africa and the Middle East, with the new entity inheriting the legacy operations and track record established by Barak Group since 2008.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Trafigura: Global commodities trader with extensive proprietary trade finance and structured commodity financing activities, particularly in Africa and the Middle East. Comparable in commodity trade finance scope though primarily operating from Europe/global markets.
• Impact Fund Managers (IFM) / Peregrine Investments: South Africa-based investment manager offering alternative and credit strategies. Comparable to Alteia in providing niche institutional alternative investment products, though with stronger roots in Southern Africa listed markets.

Direct peers

• Vantage Capital: Africa-focused mezzanine debt and private credit fund manager headquartered in South Africa. Highly comparable to Alteia given its provision of structured debt, working capital, and mezzanine solutions to mid-market companies across the continent.
• Trade and Development Bank (TDB): Multilateral development finance institution providing trade, project, and structured finance across emerging markets in Africa, Asia, and beyond. Directly comparable to Alteia given its emerging-market trade and structured finance mandate.
• Phatisa Fund Managers: Pan-African private equity and debt fund manager with a sector focus on food, agribusiness, and commodities across sub-Saharan Africa. Directly comparable to Alteia given its Africa focus, debt/structured solutions, and institutional investor base.

Broad incumbents

• Standard Bank Group: Africa's largest bank by assets with extensive trade and commodity finance operations across the continent. Comparable to Alteia as a broad incumbent providing trade and structured finance, but operating as a regulated bank rather than a private credit fund.
• British International Investment (BII): UK development finance institution investing across Africa and South Asia with debt and private credit strategies. Comparable as a broad incumbent in emerging market private credit with similar focus on impact-aligned returns.
• Helios Investment Partners: One of the largest dedicated Africa-focused private investment firms, deploying capital across multiple strategies. Comparable as a broader incumbent in Africa private markets though larger and more diversified than Alteia.
• African Export-Import Bank (Afreximbank): Pan-African multilateral trade finance institution providing structured finance, working capital, and trade facilities to African businesses. Comparable as a broader incumbent in African trade finance though operating as a development finance institution rather than a private fund.
• Ninety One: Emerging markets and Africa-focused asset manager with significant institutional fund offerings. Comparable as a broad incumbent in EM/Africa investment management with institutional distribution capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alteia-group
• Facebookfacebook.com/alteiafund

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alteia Fund