London, July 2018
TLG Capital announced today it has provided London based The Progeny Group (TPG) with a USD 2M facility, with a commitment to fund a further USD 5M, which will be used to grow TPG’s platform via acquisition and also to enhance its organic growth and customer base.
TLG will be using this partnership with TPG to create a platform for investing in frontier markets, specifically focusing on TLG’s niche – Sub Saharan Africa (SSA). The platform will provide TPG’s network of investors access to unique investment opportunities in SSA in the financial, consumer, and healthcare sectors.
The Progeny Group has c. GBP 1,020M of assets under management (AUM) and is the UK’s first multi-service professional platform to deliver integrated wealth and legal services to high net worth individuals and family offices. Combining these services and underlying skillsets allows clients to receive a fully integrated solution with a transparent fee structure. No other firm in the market currently has a comparable breadth, depth, and expertise in this sector under one offering. TPG’s expertise in alternative investment structures makes them uniquely positioned to build a frontier market investment platform with TLG Capital. “The Progeny Group has always been focused on delivering unique solutions for its clients. TLG’s investment focus on the rise of the African consumer coupled with their consistent track record over the past 10 years is something The Progeny Group wants to back”. said Neil Moles, Managing Director, The Progeny Group.
“TLG Capital have known The Progeny Group for a number of years. We have always been impressed by their offerings to clients and their rigorous due diligence process. Indeed, they have served TLG in several valued added ways with professional advice in the past. The Progeny Group is well poised to achieve their vision of having GBP 2B AUM by 2020. Through our partnership with TPG, we hope to reach more quality businesses in emerging and frontier markets and this represents an exciting step forward in our fund’s continued efforts to support growth and job creation in these markets.” said Isha Doshi, Partner at TLG Capital.
“TLG Capital have known The Progeny Group for a number of years. We have always been impressed by their offerings to clients and their rigorous due diligence process.
About The Progeny Group: The Progeny Group (TPG) is a wealth management business based out of Leeds, UK. The company has developed an integrated platform to meet the needs of individuals, families and businesses. It is a multiservice professional platform, designed to deliver integrated wealth and legal solutions to High Net Worth Individuals and businesses in the UK. Its range of wealth management and legal advisory services is built on a simple philosophy – work hard to understand client’s aspirations to give the quality service and bespoke structuring that the client require. theprogenygroup.com