Singapore’s Tsao Family Office Expands Africa Investments via TLG Fund

The Tsao Family Office of Singapore, founded by the family behind maritime group Tsao Pao Chee, has expanded its African footprint with a commitment to TLG Capital’s Growth Impact Fund II. The fund has raised USD75m of a USD200m target and provides longer-term US dollar loans to small and medium-sized enterprises in Africa through partnerships with local banks, which guarantee 100% of the original loan amount. TLG also provides operational support, sometimes embedding staff to help improve performance. The Tsao Family Office, established over a decade ago, typically invests USD5m to USD20m across asset classes. Its only other Africa-focused allocation was in Chancen International’s Future of Work fund.